111 Capital Invests $390,000 in MongoDB, Inc. (NASDAQ:MDB)

111 Capital purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,675 shares of the company's stock, valued at approximately $390,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. Vanguard Group Inc. boosted its stake in MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after acquiring an additional 23,942 shares in the last quarter. Franklin Resources Inc. boosted its stake in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after acquiring an additional 181,962 shares in the last quarter. Geode Capital Management LLC boosted its stake in MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after acquiring an additional 22,106 shares in the last quarter. First Trust Advisors LP boosted its stake in MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after acquiring an additional 95,893 shares in the last quarter. Finally, Norges Bank bought a new stake in MongoDB during the fourth quarter worth about $189,584,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

MongoDB stock traded up $0.75 during midday trading on Tuesday, reaching $193.75. 2,815,806 shares of the company traded hands, compared to its average volume of 1,885,505. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of -70.71 and a beta of 1.40. The business has a 50 day moving average of $174.22 and a two-hundred day moving average of $231.03. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.

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 for the quarter, compared to analysts' expectations of $519.65 million. During the same period in the prior year, the company posted $0.86 earnings per share. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on MDB. Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Piper Sandler dropped their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim dropped their price objective on shares of MongoDB from $300.00 to $235.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. Finally, Macquarie dropped their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $286.88.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total transaction of $205,260.75. Following the sale, the director now directly owns 19,333 shares of the company's stock, valued at approximately $3,377,281.77. This represents a 5.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,203 shares of company stock valued at $3,848,569. Insiders own 3.10% of the company's stock.

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.