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Rafferty Asset Management LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,752 shares of the company’s stock, valued at approximately $10,529,000.
Several other hedge funds have also recently made changes to their positions in the business. Raymond James & Associates grew its stake in shares of MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after buying an additional 7,510 shares during the period. Nordea Investment Management AB grew its stake in shares of MongoDB by 298.2% in the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after buying an additional 13,972 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 1,196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after buying an additional 26,961 shares during the period. Atalanta Sosnoff Capital LLC grew its stake in shares of MongoDB by 24.7% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after buying an additional 10,753 shares during the period. Finally, Realta Investment Advisors acquired a new position in MongoDB during the 4th quarter valued at about $212,000. 89.29% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares in the company, valued at $198,256,018.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock worth $16,514,071 in the last three months. Corporate insiders own 3.60% of the company’s stock.
Analyst Ratings Changes
A number of research firms have issued reports on MDB. Stifel Nicolaus cut their price target on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Guggenheim upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday. Morgan Stanley cut their price target on MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Redburn Atlantic restated a “sell” rating and issued a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Finally, Scotiabank cut their target price on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $364.11.
View Our Latest Research Report on MongoDB
MongoDB Stock Performance
MDB stock traded up $0.30 during midday trading on Wednesday, reaching $232.45. 658,194 shares of the company’s stock traded hands, compared to its average volume of 1,464,421. The company has a 50-day moving average price of $348.50 and a two-hundred day moving average price of $388.49. The company has a current ratio of 4.93, a quick ratio of 4.40 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 52 week low of $225.25 and a 52 week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. Sell-side analysts forecast that MongoDB, Inc. will post -2.56 earnings per share for the current year.
MongoDB Profile
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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