BDF Gestion Makes New $3.89 Million Investment in MongoDB, Inc. $MDB

BDF Gestion acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,265 shares of the company’s stock, valued at approximately $3,888,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares during the period. ValueAct Holdings L.P. grew its position in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after buying an additional 1,427,700 shares during the period. State Street Corp grew its position in MongoDB by 3.7% during the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock valued at $545,222,000 after buying an additional 63,434 shares during the period. Amundi increased its holdings in MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. increased its holdings in MongoDB by 162.1% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock valued at $427,871,000 after buying an additional 852,540 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Up 4.6%

Shares of MongoDB stock opened at $273.25 on Tuesday. The firm has a market capitalization of $22.24 billion, a PE ratio of -310.51 and a beta of 1.40. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72. The firm’s 50-day moving average price is $335.58 and its 200 day moving average price is $352.07.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company had revenue of $695.07 million for the quarter, compared to analysts’ expectations of $669.40 million. During the same period in the previous year, the firm posted $1.28 EPS. MongoDB’s revenue was up 26.8% compared to the same quarter last year. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

MDB has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and set a $475.00 target price on shares of MongoDB in a research note on Tuesday, March 3rd. Wall Street Zen upgraded MongoDB from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Argus upped their price target on MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Oppenheimer lowered their price target on MongoDB from $425.00 to $375.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Finally, DA Davidson dropped their price objective on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.24.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director directly owned 80,462 shares of the company’s stock, valued at $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 19,383 shares of company stock valued at $7,910,983 over the last quarter. Insiders own 3.10% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.