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Artisan Partners Limited Partnership acquired a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,793 shares of the company’s stock, valued at approximately $10,545,000.
Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. Huntington National Bank lifted its position in MongoDB by 279.3% during the third quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after acquiring an additional 81 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after acquiring an additional 36 shares during the last quarter. Beacon Capital Management LLC lifted its position in MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in MongoDB by 156.1% during the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock worth $50,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.
Wall Street Analysts Forecast Growth
MDB has been the subject of several research reports. Bank of America cut their price objective on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Truist Financial lifted their price target on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Tigress Financial lifted their price target on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research report on Tuesday. Finally, DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and lifted their price target for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $444.57.
MongoDB Stock Performance
Shares of MongoDB stock traded down $15.40 on Thursday, hitting $318.59. 990,014 shares of the company traded hands, compared to its average volume of 1,296,847. The firm’s 50-day simple moving average is $356.71 and its 200 day simple moving average is $392.33. 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 12-month low of $275.76 and a 12-month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the sale, the director now owns 522,896 shares of the company’s stock, valued at approximately $198,256,018.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the sale, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold a total of 46,802 shares of company stock worth $16,514,071 in the last 90 days. 3.60% of the stock is owned by company insiders.
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.
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