Maytree Asset Management Ltd acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,640 shares of the company’s stock, valued at approximately $1,080,000. MongoDB makes up about 2.4% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its position in MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after acquiring an additional 40 shares in the last quarter. Hilltop National Bank lifted its position in 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 acquiring an additional 42 shares in the last quarter. Avestar Capital LLC lifted its position in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after acquiring an additional 42 shares in the last quarter. Tanager Wealth Management LLP lifted its position in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after acquiring an additional 43 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in MongoDB by 16.5% in the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the sale, the director now directly owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. This represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,094 shares of company stock valued at $11,705,293 in the last three months. Company insiders own 3.60% of the company’s stock.

MongoDB Trading Down 1.2 %

MongoDB stock opened at $295.00 on Thursday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $459.78. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of -107.66 and a beta of 1.28. The firm has a 50 day simple moving average of $261.56 and a 200 day simple moving average of $273.13.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data 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 analyst estimates of $497.39 million. During the same period in the previous year, the business earned $0.96 EPS. MongoDB’s revenue was up 22.3% compared to the same quarter last year. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Loop Capital raised their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Tigress Financial raised their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Citigroup increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial reiterated a “buy” rating and issued a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $361.00.

Get Our Latest Stock Analysis on MongoDB

MongoDB Company Profile

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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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