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Two Sigma Advisers LP acquired a new position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 124,200 shares of the company’s stock, valued at approximately $24,448,000. Two Sigma Advisers LP owned approximately 0.18% of MongoDB as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bessemer Group Inc. bought a new position in MongoDB during the 4th quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in MongoDB during the 4th quarter valued at about $30,000. Lindbrook Capital LLC grew its holdings in MongoDB by 350.0% during the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. Y.D. More Investments Ltd bought a new position in MongoDB during the 4th quarter valued at about $36,000. Finally, CI Investments Inc. boosted its position in MongoDB by 126.8% in the 4th quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after buying an additional 104 shares during the period. 84.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Tigress Financial reissued a “buy” rating and set a $365.00 target price on shares of MongoDB in a research report on Thursday, April 20th. Citigroup increased their target price on shares of MongoDB from $363.00 to $430.00 in a research report on Friday, June 2nd. Royal Bank of Canada increased their target price on shares of MongoDB from $235.00 to $400.00 in a research report on Friday, June 2nd. Credit Suisse Group decreased their target price on shares of MongoDB from $305.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, March 10th. Finally, Morgan Stanley raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $230.00 to $270.00 in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $328.35.

Insiders Place Their Bets

In other MongoDB news, CTO Mark Porter sold 2,669 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $381.12, for a total transaction of $1,017,209.28. Following the transaction, the chief technology officer now directly owns 37,667 shares in the company, valued at $14,355,647.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Mark Porter sold 2,669 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $381.12, for a total value of $1,017,209.28. Following the sale, the chief technology officer now directly owns 37,667 shares in the company, valued at $14,355,647.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 20,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $287.32, for a total value of $5,746,400.00. Following the completion of the transaction, the chief executive officer now directly owns 262,311 shares in the company, valued at approximately $75,367,196.52. The disclosure for this sale can be found here. Insiders have sold 106,682 shares of company stock worth $26,516,196 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $381.79 on Tuesday. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $398.89. The firm has a market capitalization of $26.74 billion, a PE ratio of -80.94 and a beta of 1.04. The business has a 50 day simple moving average of $263.28 and a 200-day simple moving average of $223.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19.

MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same period in the prior year, the firm posted ($1.15) earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Equities research analysts anticipate that MongoDB, Inc. will post -2.85 earnings per share for the current fiscal year.

MongoDB Profile

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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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