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Sora Investors LLC boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 443.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,380 shares of the company’s stock after buying an additional 44,380 shares during the period. Sora Investors LLC owned about 0.07% of MongoDB worth $12,660,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rafferty Asset Management LLC increased its holdings in shares of MongoDB by 24.1% in the 4th quarter. Rafferty Asset Management LLC now owns 52,321 shares of the company’s stock valued at $12,181,000 after purchasing an additional 10,172 shares during the period. Point72 Hong Kong Ltd increased its holdings in shares of MongoDB by 14.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 33,599 shares of the company’s stock valued at $7,822,000 after purchasing an additional 4,141 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at about $14,458,000. ProShare Advisors LLC increased its holdings in shares of MongoDB by 20.2% in the 4th quarter. ProShare Advisors LLC now owns 84,911 shares of the company’s stock valued at $19,768,000 after purchasing an additional 14,260 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of MongoDB by 100.2% in the 4th quarter. Quantinno Capital Management LP now owns 14,262 shares of the company’s stock valued at $3,321,000 after purchasing an additional 7,137 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on MDB shares. Citigroup dropped their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Daiwa America upgraded MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Stifel Nicolaus dropped their target price on MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Daiwa Capital Markets assumed coverage on MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price objective on the stock. Finally, Canaccord Genuity Group dropped their price objective on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $293.91.
View Our Latest Stock Analysis on MDB
Insider Buying and Selling
In related news, 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 value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the transaction, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at approximately $46,597,930.48. This trade represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,423 shares of company stock valued at $7,148,369 over the last ninety days. 3.60% of the stock is owned by company insiders.
MongoDB Stock Performance
Shares of MDB traded up $0.79 during mid-day trading on Friday, hitting $191.29. The company’s stock had a trading volume of 7,849,265 shares, compared to its average volume of 1,914,406. MongoDB, Inc. has a one year low of $140.78 and a one year high of $379.06. The firm has a market capitalization of $15.53 billion, a PE ratio of -69.81 and a beta of 1.49. The stock’s 50-day moving average is $174.91 and its two-hundred day moving average is $238.95.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share 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 the consensus estimate of $519.65 million. During the same period in the prior year, the company posted $0.86 earnings per share. Analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
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.
Further Reading
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