Frontier Capital Management Co. LLC increased its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,257 shares of the company’s stock after acquiring an additional 102,556 shares during the quarter. MongoDB comprises about 0.8% of Frontier Capital Management Co. LLC’s holdings, making the stock its 27th biggest holding. Frontier Capital Management Co. LLC owned 0.46% of MongoDB worth $78,982,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MDB. Wilmington Savings Fund Society FSB purchased a new stake in shares of MongoDB in the third quarter worth $44,000. Diversified Trust Co increased its position in shares of MongoDB by 31.0% in the fourth quarter. Diversified Trust Co now owns 6,919 shares of the company’s stock worth $1,611,000 after purchasing an additional 1,639 shares during the last quarter. First Hawaiian Bank raised its stake in MongoDB by 18.3% in the fourth quarter. First Hawaiian Bank now owns 1,571 shares of the company’s stock valued at $366,000 after purchasing an additional 243 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in MongoDB by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,399 shares of the company’s stock worth $5,215,000 after buying an additional 110 shares in the last quarter. Finally, Hilltop National Bank raised its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,345 shares of company stock valued at $7,687,310. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lowered their price target on MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Rosenblatt Securities restated a “buy” rating and issued a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. The Goldman Sachs Group lowered their price target on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Loop Capital decreased their price objective on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Citigroup reduced their price target on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $294.78.

Get Our Latest Research Report on MDB

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $174.33 on Thursday. The firm’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 PE ratio of -63.62 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. On average, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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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Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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