Bridgefront Capital LLC Has $1.20 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Bridgefront Capital LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 229.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,166 shares of the company's stock after purchasing an additional 3,598 shares during the period. Bridgefront Capital LLC's holdings in MongoDB were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB in the 4th quarter valued at $29,000. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the period. NCP Inc. acquired a new position in MongoDB in the fourth quarter valued at about $35,000. Wilmington Savings Fund Society FSB bought a new position in MongoDB during the third quarter worth about $44,000. Finally, Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Performance

Shares of MDB stock traded down $0.72 during midday trading on Friday, hitting $178.54. 1,598,686 shares of the company were exchanged, compared to its average volume of 1,860,175. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The firm's 50 day moving average price is $176.07 and its two-hundred day moving average price is $241.86. The firm has a market capitalization of $14.50 billion, a P/E ratio of -65.16 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $548.40 million for 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 previous year, the business earned $0.86 EPS. Analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Srdjan Tanjga sold 525 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at $1,109,903.56. This represents a 7.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,423 shares of company stock valued at $7,429,989 in the last quarter. Company insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MDB shares. Truist Financial reduced their price target 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. Barclays decreased their target price on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Piper Sandler cut their price objective on MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Daiwa America raised MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group cut their price target on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $294.78.

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.