Chicago Capital LLC Takes Position in MongoDB, Inc. (NASDAQ:MDB)

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

Other large investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its holdings in MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after acquiring an additional 39 shares in the last quarter. Aigen Investment Management LP raised its position in shares of MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after purchasing an additional 55 shares during the period. Handelsbanken Fonder AB raised its position in shares of MongoDB by 0.4% during the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after purchasing an additional 65 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after purchasing an additional 75 shares in the last quarter. Finally, Fifth Third Bancorp grew 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 purchasing an additional 78 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 target price on the stock in a report on Thursday, June 5th. Wells Fargo & Company cut shares of MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Finally, Daiwa America upgraded MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $282.47.

Insider Activity at MongoDB

In related news, 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 owns 19,333 shares of the company's stock, valued at approximately $3,377,281.77. This represents a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,208 shares of company stock worth $10,167,739. Corporate insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MDB opened at $205.60 on Wednesday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock's fifty day moving average price is $183.66 and its two-hundred day moving average price is $223.80. The firm has a market cap of $16.80 billion, a PE ratio of -180.35 and a beta of 1.39.

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

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.

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