MongoDB, Inc. (NASDAQ:MDB) Stake Boosted by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 92.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,126 shares of the company's stock after acquiring an additional 17,802 shares during the quarter. AQR Capital Management LLC's holdings in MongoDB were worth $8,643,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MDB. Lido Advisors LLC raised its holdings in MongoDB by 74.8% during the 4th quarter. Lido Advisors LLC now owns 1,208 shares of the company's stock worth $281,000 after buying an additional 517 shares during the period. Northern Trust Corp raised its position in shares of MongoDB by 6.4% in the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company's stock valued at $108,957,000 after purchasing an additional 27,981 shares during the period. Melqart Asset Management UK Ltd bought a new stake in MongoDB during the fourth quarter valued at about $9,512,000. Oxford Asset Management LLP acquired a new stake in MongoDB in the 4th quarter valued at approximately $325,000. Finally, Boothbay Fund Management LLC raised its stake in MongoDB by 352.6% during the 4th quarter. Boothbay Fund Management LLC now owns 10,066 shares of the company's stock valued at $2,343,000 after purchasing an additional 7,842 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ MDB traded up $9.07 during midday trading on Monday, hitting $187.61. 582,507 shares of the company's stock were exchanged, compared to its average volume of 1,860,824. The company has a market cap of $15.23 billion, a PE ratio of -68.05 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The firm's fifty day simple moving average is $176.07 and its 200-day simple moving average is $241.58.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the firm earned $0.86 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of analyst reports. 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 note on Thursday, March 6th. Piper Sandler lowered their price target on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Wedbush lowered their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, Daiwa Capital Markets assumed coverage on shares of MongoDB in a report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $294.78.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,423 shares of company stock worth $7,148,369 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

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.