Polar Asset Management Partners Inc. Buys Shares of 62,100 MongoDB, Inc. (NASDAQ:MDB)

Polar Asset Management Partners Inc. acquired a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 62,100 shares of the company's stock, valued at approximately $14,458,000. Polar Asset Management Partners Inc. owned 0.08% of MongoDB at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC bought a new stake in MongoDB in the 4th quarter valued at about $606,000. Union Bancaire Privee UBP SA purchased a new stake in MongoDB in the 4th quarter worth approximately $3,515,000. HighTower Advisors LLC boosted its holdings in MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after purchasing an additional 372 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of MongoDB by 428.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after purchasing an additional 4,665 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in MongoDB by 68.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after acquiring an additional 413 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Oppenheimer cut their target price on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Guggenheim dropped their price objective on MongoDB from $300.00 to $235.00 and set a "buy" rating for the company in a report on Wednesday. Macquarie reduced their price objective on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Stifel Nicolaus cut their price objective on MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a report on Friday, April 11th. Nine equities research 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 MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and a consensus target price of $286.88.

MongoDB Stock Performance

Shares of MDB stock traded down $2.77 during trading hours on Friday, reaching $186.59. The company had a trading volume of 1,125,733 shares, compared to its average volume of 1,933,611. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of -68.08 and a beta of 1.49. The stock has a fifty day moving average of $174.52 and a 200-day moving average of $234.21.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts' expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the prior year, the company posted $0.86 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,203 shares of company stock worth $4,660,459. Company insiders own 3.60% of the company's stock.

MongoDB Company 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.