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Kodai Capital Management LP bought a new position in 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 bought 52,534 shares of the company’s stock, valued at approximately $21,479,000. Kodai Capital Management LP owned 0.07% of MongoDB at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its stake 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 acquiring an additional 75 shares in the last quarter. Huntington National Bank lifted its stake in shares of MongoDB by 279.3% in the third quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after acquiring an additional 81 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after buying an additional 36 shares in the last quarter. Beacon Capital Management LLC raised its stake in MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after buying an additional 100 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in MongoDB by 156.1% during the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock valued at $50,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
MongoDB Stock Down 1.0 %
Shares of NASDAQ:MDB traded down $2.46 during midday trading on Tuesday, hitting $232.15. 2,979,908 shares of the stock were exchanged, compared to its average volume of 1,472,454. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market capitalization of $16.91 billion, a PE ratio of -82.62 and a beta of 1.13. MongoDB, Inc. has a 52-week low of $225.25 and a 52-week high of $509.62. The business’s fifty day simple moving average is $348.50 and its two-hundred day simple moving average is $388.49.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. As a group, research analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Scotiabank cut their price objective on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Monday. Stifel Nicolaus dropped their price target on MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday. Bank of America dropped their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. JMP Securities dropped their price target on MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research report on Friday. Finally, Redburn Atlantic reiterated a “sell” rating and set a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $364.11.
Read Our Latest Research Report on MDB
Insider Buying and Selling
In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the transaction, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. Insiders have sold a total of 46,802 shares of company stock valued at $16,514,071 over the last three months. 3.60% of the stock is owned by corporate insiders.
MongoDB Company Profile
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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