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Black Swift Group LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $4,088,000. MongoDB makes up approximately 1.2% of Black Swift Group LLC’s holdings, making the stock its 19th largest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after purchasing an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after purchasing an additional 206 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in MongoDB during the 1st quarter valued at about $1,823,000. Panagora Asset Management Inc. grew its stake in MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
MongoDB Price Performance
NASDAQ:MDB traded down $2.55 during trading hours on Monday, reaching $356.09. 916,801 shares of the company traded hands, compared to its average volume of 1,413,716. The firm’s 50-day moving average is $413.43 and its 200-day moving average is $390.05. The stock has a market cap of $25.70 billion, a P/E ratio of -143.58 and a beta of 1.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a 1-year low of $198.72 and a 1-year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. Equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have weighed in on MDB. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and boosted their price target for the company from $405.00 to $430.00 in a research note on Friday, March 8th. Guggenheim increased their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Piper Sandler increased their price objective on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.85.
View Our Latest Analysis on MongoDB
Insiders Place Their Bets
In other MongoDB news, CAO Thomas Bull sold 359 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MongoDB news, CAO Thomas Bull sold 359 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total value of $13,390,410.00. Following the transaction, the chief executive officer now directly owns 198,166 shares in the company, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. Insiders have sold a total of 54,607 shares of company stock valued at $23,116,062 in the last quarter. 4.80% of the stock is currently owned by company insiders.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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