Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,861 shares of the company’s stock, valued at approximately $2,063,000.

Other large investors also recently bought and sold shares of the company. Hilltop National Bank grew its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. Avestar Capital LLC lifted its stake in shares of MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP grew its holdings in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after purchasing an additional 55 shares during the period. Perigon Wealth Management LLC increased its position in MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after purchasing an additional 66 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MDB. Wedbush dropped their price objective on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Rosenblatt Securities restated a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their target price on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Oppenheimer reduced their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Check Out Our Latest Stock Report on MDB

MongoDB Trading Down 2.3 %

NASDAQ:MDB opened at $188.68 on Wednesday. The firm has a market capitalization of $14.05 billion, a PE ratio of -68.86 and a beta of 1.30. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The stock has a 50 day moving average of $254.38 and a 200-day moving average of $271.46.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the company earned $0.86 earnings per share. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $55,379,548.84. This represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total value of $713,190.00. Following the sale, the director now directly owns 1,117,006 shares in the company, valued at $265,545,836.38. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock valued at $11,328,869 in the last quarter. Company insiders own 3.60% of the company’s stock.

MongoDB Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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