Tokio Marine Asset Management Co. Ltd. Boosts Stake in MongoDB, Inc. (NASDAQ:MDB)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,057 shares of the company’s stock after buying an additional 154 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in MongoDB were worth $841,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the period. BluePath Capital Management LLC acquired a new position in shares of MongoDB in the third quarter worth about $30,000. AM Squared Ltd acquired a new position in shares of MongoDB in the third quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of MongoDB in the third quarter worth about $35,000. Finally, Castleview Partners LLC acquired a new position in shares of MongoDB in the third quarter worth about $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The disclosure for this sale can be found here. Insiders sold 91,802 shares of company stock worth $35,936,911 in the last quarter. 4.80% of the stock is owned by company insiders.

MongoDB Stock Up 4.8 %

Shares of NASDAQ:MDB opened at $383.80 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a 1-year low of $215.56 and a 1-year high of $509.62. The company has a 50 day moving average price of $379.60 and a 200 day moving average price of $390.67.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, equities analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Loop Capital began coverage on MongoDB in a research note on Tuesday. They issued a “buy” rating and a $415.00 price target on the stock. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and upped their price objective for the company from $405.00 to $430.00 in a research note on Friday, March 8th. Stifel Nicolaus restated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Finally, KeyCorp cut their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

About MongoDB

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.