Los Angeles Capital Management LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,641 shares of the company’s stock, valued at approximately $8,763,000. Los Angeles Capital Management LLC owned approximately 0.05% of MongoDB as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the period. Versant Capital Management Inc raised its stake in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $425.00 price objective on shares of MongoDB in a research report on Tuesday, December 10th. Rosenblatt Securities assumed coverage on shares of MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target for the company. Oppenheimer lifted their price objective on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Macquarie assumed 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. Finally, Canaccord Genuity Group raised their target price on MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Read Our Latest Research Report on MDB

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $5.89 during midday trading on Thursday, reaching $262.41. 1,388,930 shares of the company’s stock were exchanged, compared to its average volume of 1,489,873. The stock has a market cap of $19.54 billion, a price-to-earnings ratio of -95.77 and a beta of 1.28. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $449.12. The firm’s 50 day simple moving average is $261.95 and its two-hundred day simple moving average is $274.67.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share 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 business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $60,840,147.06. This represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the completion of the transaction, the director now directly owns 1,121,006 shares of the company’s stock, valued at $362,084,938. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,979 shares of company stock valued at $11,265,417 over the last quarter. 3.60% of the stock is owned by company insiders.

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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