MetLife Investment Management LLC Has $803,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Posted by Defense World Staff on Mar 2nd, 2023

MetLife Investment Management LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,046 shares of the company’s stock after purchasing an additional 148 shares during the quarter. MetLife Investment Management LLC’s holdings in MongoDB were worth $803,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MDB. Raymond James & Associates lifted its stake in shares of MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after purchasing an additional 206 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of MongoDB by 100.3% during the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of MongoDB by 4.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,425 shares of the company’s stock valued at $4,624,000 after purchasing an additional 463 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MDB shares. UBS Group raised their price target on shares of MongoDB from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, December 7th. The Goldman Sachs Group dropped their price target on shares of MongoDB from $380.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, December 7th. Guggenheim started coverage on shares of MongoDB in a research report on Thursday, January 26th. They set a “neutral” rating and a $205.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of MongoDB from $256.00 to $240.00 in a research report on Thursday, February 23rd. Finally, Robert W. Baird raised their price target on shares of MongoDB from $205.00 to $230.00 in a research report on Wednesday, December 7th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.35.

MongoDB Price Performance

MDB opened at $209.97 on Thursday. The firm has a 50-day moving average price of $205.04 and a 200-day moving average price of $209.32. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of -39.10 and a beta of 0.94. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $471.96. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66.

MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings data on Tuesday, December 6th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.48) by $0.25. The company had revenue of $333.62 million during the quarter, compared to analysts’ expectations of $302.39 million. MongoDB had a negative net margin of 30.73% and a negative return on equity of 52.50%. Equities analysts expect that MongoDB, Inc. will post -4.65 EPS for the current year.

Insider Activity at MongoDB

In related news, CEO Dev Ittycheria sold 39,382 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $199.96, for a total transaction of $7,874,824.72. Following the completion of the transaction, the chief executive officer now owns 190,264 shares of the company’s stock, valued at $38,045,189.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other MongoDB news, CTO Mark Porter sold 635 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $187.72, for a total value of $119,202.20. Following the completion of the transaction, the chief technology officer now owns 27,577 shares of the company’s stock, valued at approximately $5,176,754.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dev Ittycheria sold 39,382 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.96, for a total transaction of $7,874,824.72. Following the completion of the transaction, the chief executive officer now directly owns 190,264 shares of the company’s stock, valued at approximately $38,045,189.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,074 shares of company stock valued at $11,604,647. Corporate insiders own 5.70% of the company’s stock.

MongoDB Company Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.