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Covea Finance bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $3,841,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Quarry LP boosted its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in MongoDB in the 3rd quarter valued at $36,000. GAMMA Investing LLC raised its stake in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 2,581 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $50,866,352.46. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,776 shares of company stock valued at $6,577,625. 3.60% of the stock is currently owned by company insiders.
MongoDB Trading Up 0.9 %
Shares of NASDAQ MDB opened at $242.41 on Wednesday. The firm has a market capitalization of $18.05 billion, a PE ratio of -88.47 and a beta of 1.25. The firm’s 50-day moving average is $280.67 and its 200-day moving average is $269.51. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on MDB shares. Mizuho raised their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Tigress Financial boosted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Macquarie began coverage on MongoDB in a research note on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. KeyCorp boosted their target price on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $364.64.
Get Our Latest Stock Analysis on MDB
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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