Nebula Research & Development LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,442 shares of the company’s stock, valued at approximately $1,267,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB in the 4th quarter valued at $29,000. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB during the 3rd quarter worth about $44,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Up 0.1 %

Shares of MDB stock traded up $0.18 during trading hours on Tuesday, hitting $174.69. 1,468,630 shares of the company were exchanged, compared to its average volume of 1,842,724. The firm has a market cap of $14.18 billion, a PE ratio of -63.76 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The firm has a fifty day moving average of $192.74 and a 200 day moving average of $247.82.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly 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 analysts’ expectations of $519.65 million. During the same quarter in the previous year, the business posted $0.86 EPS. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 18,512 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at approximately $46,597,930.48. The trade was a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,345 shares of company stock worth $8,485,310. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Truist Financial decreased their target price on MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, January 6th. Royal Bank of Canada dropped their price objective on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Oppenheimer dropped their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $294.78.

Get Our Latest Analysis on MDB

About MongoDB

(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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