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Spyglass Capital Management LLC increased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 249,683 shares of the company’s stock after acquiring an additional 13,712 shares during the period. MongoDB makes up about 3.3% of Spyglass Capital Management LLC’s holdings, making the stock its 19th biggest position. Spyglass Capital Management LLC owned 0.34% of MongoDB worth $58,129,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC bought a new stake in MongoDB during the 4th quarter worth approximately $606,000. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the 4th quarter worth approximately $3,515,000. HighTower Advisors LLC increased its holdings in MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock worth $4,371,000 after acquiring an additional 372 shares during the period. Nisa Investment Advisors LLC increased its holdings in MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock worth $1,340,000 after acquiring an additional 4,665 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in MongoDB by 68.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company’s stock worth $237,000 after acquiring an additional 413 shares during the period. Institutional investors own 89.29% of the company’s stock.
Insider Activity
In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at $58,121,799.12. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,538 shares of company stock valued at $6,889,905. Corporate insiders own 3.60% of the company’s stock.
MongoDB Price Performance
MongoDB stock traded down $3.93 during trading hours on Wednesday, reaching $185.01. The stock had a trading volume of 2,005,037 shares, compared to its average volume of 1,926,229. The stock has a market cap of $15.02 billion, a PE ratio of -67.52 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The company has a fifty day simple moving average of $174.84 and a 200-day simple moving average of $237.45.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate 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 period last year, the business earned $0.86 EPS. Research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered shares of MongoDB from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. China Renaissance initiated coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target for the company. Stifel Nicolaus cut their price target on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, April 11th. UBS Group set a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $288.91.
View Our Latest Analysis on MongoDB
About MongoDB
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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