Two Sigma Advisers LP purchased a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,000 shares of the company’s stock, valued at approximately $6,519,000.

Other hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB in the fourth quarter worth $29,000. NCP Inc. acquired a new position in shares of MongoDB in the fourth quarter worth $35,000. Coppell Advisory Solutions LLC increased its stake in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after acquiring an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of MongoDB by 57.4% in the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after acquiring an additional 140 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Down 1.4%

Shares of NASDAQ:MDB traded down $2.73 during trading on Monday, hitting $185.85. 1,248,300 shares of the company were exchanged, compared to its average volume of 1,933,814. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of -67.83 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm has a fifty day moving average price of $174.61 and a two-hundred day moving average price of $234.84.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the firm earned $0.86 EPS. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of research reports. Barclays dropped their price target on shares of MongoDB from $280.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Robert W. Baird lowered their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Macquarie lowered their target price on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $288.91.

Get Our Latest Stock Report on MDB

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were 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 $2,529,103.50. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,538 shares of company stock valued at $6,889,905 in the last three months. 3.60% of the stock is currently owned by company insiders.

MongoDB Profile

(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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