MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Daventry Group LP

Daventry Group LP grew its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,720 shares of the company's stock after purchasing an additional 35,170 shares during the period. MongoDB makes up approximately 8.2% of Daventry Group LP's portfolio, making the stock its 6th biggest holding. Daventry Group LP owned about 0.12% of MongoDB worth $21,586,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Contour Asset Management LLC increased its holdings in shares of MongoDB by 11.4% in the fourth quarter. Contour Asset Management LLC now owns 205,694 shares of the company's stock valued at $47,888,000 after purchasing an additional 20,968 shares during the period. Crestline Management LP acquired a new position in MongoDB during the fourth quarter worth $7,728,000. Cetera Investment Advisers grew its holdings in MongoDB by 44.1% during the fourth quarter. Cetera Investment Advisers now owns 14,316 shares of the company's stock worth $3,333,000 after acquiring an additional 4,384 shares during the period. Brevan Howard Capital Management LP grew its holdings in MongoDB by 5,298.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 55,818 shares of the company's stock worth $12,995,000 after acquiring an additional 54,784 shares during the period. Finally, Bridgefront Capital LLC grew its holdings in MongoDB by 229.5% during the fourth quarter. Bridgefront Capital LLC now owns 5,166 shares of the company's stock worth $1,203,000 after acquiring an additional 3,598 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

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 stock in a transaction dated 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 of the company's stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. 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 in the last three months. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

NASDAQ MDB traded up $10.99 during trading hours on Monday, hitting $189.53. 1,661,972 shares of the company's stock were exchanged, compared to its average volume of 1,864,926. The business's 50 day moving average is $176.07 and its 200-day moving average is $241.58. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $379.06. The firm has a market capitalization of $15.39 billion, a P/E ratio of -69.19 and a beta of 1.49.

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

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Truist Financial dropped their price objective on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. China Renaissance initiated coverage on MongoDB in a report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price objective on the stock. Finally, Bank of America dropped their price objective on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. 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 company's stock. According to data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average target price 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.