Boothbay Fund Management LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 352.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,066 shares of the company’s stock after acquiring an additional 7,842 shares during the period. Boothbay Fund Management LLC’s holdings in MongoDB were worth $2,343,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MDB. Morse Asset Management Inc acquired a new stake in shares of MongoDB in the third quarter valued at $81,000. Virtu Financial LLC raised its stake in shares of MongoDB by 351.2% in the third quarter. Virtu Financial LLC now owns 10,016 shares of the company’s stock valued at $2,708,000 after acquiring an additional 7,796 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the third quarter valued at $44,000. Tidal Investments LLC raised its stake in MongoDB by 76.8% in the third quarter. Tidal Investments LLC now owns 7,859 shares of the company’s stock valued at $2,125,000 after buying an additional 3,415 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock valued at $1,648,000 after buying an additional 160 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ:MDB opened at $173.50 on Monday. The stock has a fifty day moving average price of $195.15 and a two-hundred day moving average price of $248.65. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of -63.32 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the company posted $0.86 EPS. On average, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on MDB. Needham & Company LLC cut their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Piper Sandler cut their price target on MongoDB from $280.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Canaccord Genuity Group cut their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Redburn Atlantic upgraded MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.78.

Get Our Latest Analysis on MongoDB

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,680 shares of company stock valued at $10,819,027. Insiders own 3.60% of the company’s stock.

MongoDB 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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