Caprock Group LLC Makes New $220000 Investment in MongoDB, Inc. (NASDAQ:MDB)

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Caprock Group LLC Makes New $220000 Investment in MongoDB, Inc. (NASDAQ:MDB)

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Caprock Group LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 537 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. KB Financial Partners LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $27,000. Bessemer Group Inc. acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $29,000. BluePath Capital Management LLC acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its position in shares of MongoDB by 937.5% during the 4th 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. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MDB shares. Mizuho increased their price objective on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, December 6th. Royal Bank of Canada increased their price objective on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Barclays increased their price objective on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $449.85.

View Our Latest Analysis on MongoDB

Insiders Place Their Bets

In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the sale, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $465.37, for a total transaction of $930,740.00. Following the transaction, the director now owns 1,166,784 shares of the company’s stock, valued at $542,986,270.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,248 shares of company stock worth $22,970,890. 4.80% of the stock is currently owned by company insiders.

MongoDB Trading Down 2.3 %

NASDAQ:MDB opened at $347.82 on Wednesday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of -140.25 and a beta of 1.20. The firm has a fifty day simple moving average of $412.17 and a two-hundred day simple moving average of $389.95. MongoDB, Inc. has a 12 month low of $198.72 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

MongoDB Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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