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Realta Investment Advisors acquired a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 519 shares of the company’s stock, valued at approximately $212,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jennison Associates LLC grew its position in shares of MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after acquiring an additional 1,745,231 shares during the period. 1832 Asset Management L.P. increased its position in MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after buying an additional 1,017,969 shares during the last quarter. Norges Bank acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $147,735,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of MongoDB by 77.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock worth $111,964,000 after acquiring an additional 248,133 shares during the last quarter. Finally, Dorsal Capital Management LLC raised its stake in MongoDB by 100.0% in the 4th quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock valued at $78,736,000 after acquiring an additional 200,000 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Barclays upped their price objective on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Mizuho raised their price objective on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 6th. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Tigress Financial lifted their price target on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $449.85.
MongoDB Price Performance
Shares of MDB stock opened at $356.09 on Tuesday. MongoDB, Inc. has a twelve month low of $198.72 and a twelve month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $413.43 and a 200 day simple moving average of $390.05. The company has a market cap of $25.70 billion, a P/E ratio of -143.58 and a beta of 1.24.
MongoDB (NASDAQ:MDB – Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares in the company, valued at $80,409,817.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the sale, the chief financial officer now owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,248 shares of company stock valued at $22,970,890. 4.80% of the stock is currently owned by insiders.
MongoDB 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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