Diker Management LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 66.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after acquiring an additional 4,000 shares during the period. MongoDB makes up about 2.0% of Diker Management LLC’s investment portfolio, making the stock its 11th largest position. Diker Management LLC’s holdings in MongoDB were worth $2,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the fourth quarter worth approximately $29,000. Hilltop National Bank lifted its stake 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 during the last quarter. NCP Inc. bought a new stake in MongoDB during the fourth quarter valued at about $35,000. Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC lifted its position in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after buying an additional 182 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 1.2 %

MDB stock opened at $174.33 on Thursday. The company’s 50-day moving average price is $179.18 and its 200 day moving average price is $243.09. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The company has a market cap of $14.15 billion, a P/E ratio of -63.62 and a beta of 1.49.

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

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares in the company, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 885 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,345 shares of company stock worth $7,687,310. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Robert W. Baird dropped their price target on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Truist Financial lowered their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $294.78.

Read Our Latest Research Report on MDB

MongoDB Profile

(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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