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HighTower Advisors LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 13.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,689 shares of the company’s stock after buying an additional 1,835 shares during the quarter. HighTower Advisors LLC’s holdings in MongoDB were worth $3,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ieq Capital LLC increased its position in shares of MongoDB by 23.2% during the third quarter. Ieq Capital LLC now owns 1,962 shares of the company’s stock valued at $390,000 after buying an additional 370 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in MongoDB by 2.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock valued at $2,256,000 after acquiring an additional 277 shares in the last quarter. Lindbrook Capital LLC lifted its position in MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 133 shares during the period. Asset Management One Co. Ltd. lifted its position in MongoDB by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 61,243 shares of the company’s stock valued at $12,106,000 after buying an additional 1,829 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in MongoDB by 14.8% during the third quarter. Oppenheimer & Co. Inc. now owns 4,672 shares of the company’s stock valued at $927,000 after buying an additional 602 shares during the period. 84.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on MDB shares. Mizuho decreased their price target on MongoDB from $220.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. Morgan Stanley upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $230.00 to $270.00 in a report on Wednesday, April 12th. Stifel Nicolaus decreased their target price on shares of MongoDB from $256.00 to $240.00 in a research note on Thursday, February 23rd. Credit Suisse Group dropped their price target on MongoDB from $305.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, March 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $270.00 price target on shares of MongoDB in a research note on Thursday, March 9th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.00.
MongoDB Price Performance
NASDAQ MDB opened at $275.18 on Monday. The stock’s 50 day moving average is $231.19 and its 200 day moving average is $205.69. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.80 and a quick ratio of 3.80. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $390.84.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings data on Wednesday, March 8th. The company reported ($0.98) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.18) by $0.20. The business had revenue of $361.31 million for the quarter, compared to analysts’ expectations of $335.84 million. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. On average, research analysts expect that MongoDB, Inc. will post -4.04 EPS for the current fiscal year.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the transaction, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other MongoDB news, CRO Cedric Pech sold 720 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $164,397.60. Following the transaction, the executive now owns 53,050 shares of the company’s stock, valued at approximately $12,112,906.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares in the company, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Insiders have sold 135,108 shares of company stock valued at $30,127,927 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
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