Crestline Management LP Buys Shares of 33,194 MongoDB, Inc. (NASDAQ:MDB)

Crestline Management LP bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,194 shares of the company's stock, valued at approximately $7,728,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the 4th quarter valued at approximately $29,000. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% during the fourth 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. acquired a new position in shares of MongoDB during the fourth quarter worth $35,000. Versant Capital Management Inc lifted its stake in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the 3rd quarter valued at $44,000. Institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

MDB has been the subject of several research reports. Barclays dropped their target price on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus dropped their price objective on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a report on Friday, April 11th. Citigroup reduced their target price on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target for the company in a research report on Monday, January 6th. Finally, Daiwa Capital Markets assumed coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $294.78.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 885 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the sale, the director now directly owns 83,845 shares of the company's stock, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 36,345 shares of company stock valued at $7,687,310. 3.60% of the stock is owned by insiders.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $172.96 on Tuesday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $379.06. The stock has a market capitalization of $14.04 billion, a P/E ratio of -63.12 and a beta of 1.49. The company has a 50-day moving average price of $182.85 and a 200-day moving average price of $244.07.

MongoDB (NASDAQ:MDB - Get Free Report) last issued 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.

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