Warm Springs Advisors Inc. purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,263 shares of the company’s stock, valued at approximately $1,691,000. MongoDB makes up approximately 1.6% of Warm Springs Advisors Inc.’s portfolio, making the stock its 20th largest position.

A number of other hedge funds have also modified their holdings of MDB. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB during the fourth quarter valued at $29,000. NCP Inc. acquired a new stake in shares of MongoDB during the 4th quarter valued at about $35,000. Coppell Advisory Solutions LLC lifted its holdings in shares of MongoDB by 364.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after buying an additional 182 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock valued at $87,000 after buying an additional 134 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in 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 buying an additional 140 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 1.4%

MDB stock opened at $185.85 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The company has a market cap of $15.09 billion, a PE ratio of -67.83 and a beta of 1.49. The business’s 50-day simple moving average is $174.75 and its 200 day simple moving average is $236.90.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.86 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, 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 at this link. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,538 shares of company stock worth $6,889,905 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Truist Financial lowered their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Loop Capital cut MongoDB from a “buy” rating to a “hold” rating and reduced their price target for the stock from $350.00 to $190.00 in a research report on Tuesday. Canaccord Genuity Group decreased their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Wedbush cut their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $288.91.

View Our Latest Stock Report on MongoDB

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.

See Also

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.