Bridgefront Capital LLC boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 229.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,166 shares of the company’s stock after buying an additional 3,598 shares during the quarter. Bridgefront Capital LLC’s holdings in MongoDB were worth $1,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas grew its holdings in MongoDB by 23.6% in the fourth quarter. BNP Paribas now owns 2,411 shares of the company’s stock worth $561,000 after purchasing an additional 461 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of MongoDB during the 4th quarter worth about $24,633,000. Advent International L.P. grew its stake in shares of MongoDB by 51.4% in the 4th quarter. Advent International L.P. now owns 54,500 shares of the company’s stock valued at $12,688,000 after buying an additional 18,500 shares during the period. Meiji Yasuda Life Insurance Co raised its stake in MongoDB by 37.4% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 2,937 shares of the company’s stock worth $684,000 after buying an additional 800 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in MongoDB by 196.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,103 shares of the company’s stock worth $10,268,000 after acquiring an additional 29,203 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 2.8 %

Shares of MDB traded up $4.93 during midday trading on Thursday, reaching $179.26. 1,742,204 shares of the stock were exchanged, compared to its average volume of 1,856,081. The company has a market capitalization of $14.55 billion, a P/E ratio of -65.42 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The company’s 50 day moving average is $179.18 and its two-hundred day moving average is $243.09.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDB. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Redburn Atlantic raised MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price objective for the company in a report on Thursday, April 17th. Loop Capital cut their target price on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Bank of America lowered their price target on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.78.

Check Out Our Latest Research Report on MDB

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares of the company’s stock, valued at $46,597,930.48. This represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 922 shares of MongoDB stock in a transaction on Friday, February 7th. The stock was sold at an average price of $279.09, for a total transaction of $257,320.98. Following the completion of the transaction, the director now directly owns 84,730 shares in the company, valued at $23,647,295.70. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,345 shares of company stock valued at $7,687,310. Corporate insiders own 3.60% of the company’s stock.

About MongoDB

(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.

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