Diker Management LLC Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Diker Management LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company's stock after purchasing an additional 4,000 shares during the period. MongoDB comprises about 2.0% of Diker Management LLC's holdings, making the stock its 11th largest holding. Diker Management LLC's holdings in MongoDB were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new position in MongoDB in the 4th quarter valued at approximately $29,000. Hilltop National Bank lifted 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 purchasing an additional 42 shares during the period. NCP Inc. bought a new stake in shares of MongoDB in the fourth quarter worth $35,000. Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the third quarter valued at $44,000. Finally, Coppell Advisory Solutions LLC raised its position in MongoDB by 364.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after purchasing an additional 182 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Macquarie lowered their price target on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, March 7th. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Robert W. Baird lowered their target price on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Wells Fargo & Company cut shares of MongoDB from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Eight 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $294.78.

Insider Buying and Selling

In other MongoDB news, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares of the company's stock, valued at $9,985,666.84. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were 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 approximately $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. In the last ninety days, insiders sold 35,423 shares of company stock valued at $7,429,989. Company insiders own 3.60% of the company's stock.

MongoDB Price Performance

Shares of MongoDB stock traded down $0.72 on Friday, reaching $178.54. 1,598,686 shares of the company traded hands, compared to its average volume of 1,865,585. The company has a 50 day moving average of $176.07 and a 200 day moving average of $241.73. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The firm has a market capitalization of $14.50 billion, a PE ratio of -65.16 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly 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). 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 company posted $0.86 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current 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.