Alyeska Investment Group L.P. Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Alyeska Investment Group L.P. bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 105,808 shares of the company's stock, valued at approximately $24,633,000. Alyeska Investment Group L.P. owned 0.14% of MongoDB at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB in the fourth quarter valued at approximately $29,000. Hilltop National Bank lifted its holdings in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. purchased a new position in MongoDB in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc grew its stake in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the third quarter valued at $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MDB shares. China Renaissance started coverage on MongoDB in a report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price target on the stock. UBS Group set a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Cantor Fitzgerald initiated coverage on shares of MongoDB in a report on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price target for the company. Barclays reduced their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, Oppenheimer cut their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average price target of $294.78.

MongoDB Stock Performance

NASDAQ MDB traded down $0.72 during mid-day trading on Friday, reaching $178.54. 1,598,686 shares of the stock were exchanged, compared to its average volume of 1,865,585. The stock has a market capitalization of $14.50 billion, a PE ratio of -65.16 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06. The business's fifty day simple moving average is $176.07 and its 200 day simple moving average is $241.73.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS 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 analyst estimates of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other news, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares in the company, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cedric Pech sold 1,690 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,423 shares of company stock worth $7,429,989 in the last three months. 3.60% of the stock is currently owned by company insiders.

MongoDB Profile

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.