Chicago Capital LLC Purchases Shares of 1,801 MongoDB, Inc. (NASDAQ:MDB)

Chicago Capital LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,801 shares of the company's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. OneDigital Investment Advisors LLC grew its stake in MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after purchasing an additional 39 shares in the last quarter. Aigen Investment Management LP lifted its holdings in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after purchasing an additional 55 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after acquiring an additional 75 shares during the period. Finally, Fifth Third Bancorp increased its position in MongoDB by 15.9% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDB. Oppenheimer dropped their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. KeyCorp cut MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Truist Financial dropped their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Robert W. Baird dropped their target price on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Rosenblatt Securities lowered their price target on MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $282.47.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director now owns 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now directly 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. Over the last three months, insiders sold 50,382 shares of company stock worth $10,403,807. Corporate insiders own 3.10% of the company's stock.

MongoDB Trading Down 1.3%

NASDAQ:MDB traded down $2.65 during midday trading on Friday, hitting $201.50. 3,609,482 shares of the stock were exchanged, compared to its average volume of 1,963,536. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of -176.75 and a beta of 1.39. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The business has a 50-day moving average price of $185.96 and a two-hundred day moving average price of $221.16.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same period in the previous year, the company posted $0.51 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.