AQR Capital Management LLC lifted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 92.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,126 shares of the company’s stock after buying an additional 17,802 shares during the quarter. AQR Capital Management LLC’s holdings in MongoDB were worth $8,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB during the 4th quarter worth approximately $29,000. Hilltop National Bank grew its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. purchased a new position in MongoDB in the fourth quarter valued at $35,000. Versant Capital Management Inc raised its stake in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in MongoDB during the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB traded down $0.72 during trading on Friday, hitting $178.54. The company’s stock had a trading volume of 1,598,686 shares, compared to its average volume of 1,860,175. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The stock has a market cap of $14.50 billion, a PE ratio of -65.16 and a beta of 1.49. The firm’s 50 day moving average price is $176.07 and its 200-day moving average price is $241.86.

MongoDB (NASDAQ:MDB – Get Free Report) last released 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 during the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred 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 $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the transaction, the director now directly owns 1,112,006 shares in the company, valued at approximately $313,163,129.72. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,423 shares of company stock valued at $7,429,989. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird cut their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Morgan Stanley lowered their target price on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 price objective for the company. Finally, Truist Financial cut their target price on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $294.78.

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About MongoDB

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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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