Infinitum Asset Management LLC Takes $8.15 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Infinitum Asset Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the company's stock, valued at approximately $8,148,000. MongoDB accounts for 4.3% of Infinitum Asset Management LLC's portfolio, making the stock its 6th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB in the 4th quarter worth about $29,000. NCP Inc. purchased a new position in shares of MongoDB in the 4th quarter worth approximately $35,000. Coppell Advisory Solutions LLC boosted its position in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after buying an additional 182 shares during the period. Smartleaf Asset Management LLC boosted its holdings in MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after acquiring an additional 134 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in MongoDB by 57.4% during the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock valued at $89,000 after buying an additional 140 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Down 1.2%

NASDAQ:MDB traded down $2.24 during mid-day trading on Friday, reaching $187.12. 2,627,437 shares of the stock were exchanged, compared to its average volume of 1,927,972. The firm has a market capitalization of $15.19 billion, a PE ratio of -68.29 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The business has a fifty day moving average price of $174.36 and a 200 day moving average price of $233.50.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

MDB has been the subject of several research reports. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target for the company. Monness Crespi & Hardt upgraded shares of MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a research report on Thursday, April 17th. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and cut their price objective for the stock from $350.00 to $190.00 in a research note on Tuesday, May 20th. Finally, UBS Group set a $350.00 target price on MongoDB in a report on Tuesday, March 4th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $286.88.

Insider Transactions at MongoDB

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. This represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the firm's 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 sale, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.