Everence Capital Management Inc. bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,680 shares of the company’s stock, valued at approximately $624,000.

Several other hedge funds have also recently added to or reduced their stakes in MDB. Quarry LP lifted its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the 3rd quarter valued at approximately $36,000. GAMMA Investing LLC boosted its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Continuum Advisory LLC grew its position in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in MongoDB during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $272.97, for a total transaction of $272,970.00. Following the completion of the sale, the director now directly owns 1,130,006 shares of the company’s stock, valued at approximately $308,457,737.82. The trade was a 0.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,879 shares of company stock worth $6,985,212. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Tigress Financial increased their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. DA Davidson boosted their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Piper Sandler reiterated an “overweight” rating and set a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Finally, Loop Capital boosted their target price on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $366.14.

View Our Latest Stock Report on MongoDB

MongoDB Stock Performance

NASDAQ MDB traded up $1.77 during trading on Friday, reaching $246.39. 1,530,748 shares of the company traded hands, compared to its average volume of 2,063,924. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock’s 50 day moving average price is $284.50 and its two-hundred day moving average price is $268.24. The company has a market cap of $18.35 billion, a price-to-earnings ratio of -89.92 and a beta of 1.17.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts expect that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

MongoDB Company 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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