Empire Life Investments Inc. grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,535 shares of the company's stock after purchasing an additional 3,277 shares during the period. Empire Life Investments Inc.'s holdings in MongoDB were worth $6,876,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in shares of MongoDB by 0.5% in the 4th quarter. Rhumbline Advisers now owns 97,138 shares of the company's stock valued at $22,615,000 after purchasing an additional 467 shares during the period. Blue Trust Inc. increased its holdings in shares of MongoDB by 27.4% in the 4th quarter. Blue Trust Inc. now owns 1,181 shares of the company's stock valued at $275,000 after purchasing an additional 254 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at about $144,000. Palacios Wealth Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at about $598,000. Finally, Vontobel Holding Ltd. increased its holdings in shares of MongoDB by 39.9% in the 4th quarter. Vontobel Holding Ltd. now owns 9,469 shares of the company's stock valued at $2,204,000 after purchasing an additional 2,699 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.
A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price objective on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. China Renaissance assumed coverage on MongoDB in a report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price objective on the stock. KeyCorp increased their price objective on MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Robert W. Baird increased their price objective on MongoDB from $380.00 to $390.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Truist Financial restated a "buy" rating and issued a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $361.00.
View Our Latest Stock Report on MongoDB
In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,094 shares of company stock worth $11,705,293 over the last 90 days. Corporate insiders own 3.60% of the company's stock.
MDB opened at $289.63 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $488.00. The firm's fifty day moving average price is $263.74 and its two-hundred day moving average price is $271.57.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business's revenue was up 22.3% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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