Polymer Capital Management HK LTD acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,937 shares of the company’s stock, valued at approximately $917,000.

Several other large investors have also recently made changes to their positions in the stock. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Avestar Capital LLC increased its stake in MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares during the period. Aigen Investment Management LP raised its holdings in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after buying an additional 55 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after buying an additional 66 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock valued at $383,000 after acquiring an additional 75 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock valued at $13,461,875 in the last quarter. Insiders own 3.60% of the company’s stock.

MongoDB Trading Down 5.5 %

MongoDB stock opened at $154.39 on Monday. The company has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $146.50 and a 1-year high of $387.19. The firm’s fifty day simple moving average is $236.68 and its 200-day simple moving average is $261.78.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MDB shares. KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Morgan Stanley lowered their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Daiwa Capital Markets began coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price target on the stock. Finally, Wedbush dropped their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $312.84.

Get Our Latest Research Report on MDB

MongoDB Company Profile

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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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