MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Red Spruce Capital LLC

Red Spruce Capital LLC increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 51.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,107 shares of the company's stock after buying an additional 4,104 shares during the period. Red Spruce Capital LLC's holdings in MongoDB were worth $2,124,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in MongoDB in the fourth quarter valued at approximately $189,584,000. Marshall Wace LLP acquired a new position in MongoDB in the fourth quarter valued at approximately $110,356,000. Raymond James Financial Inc. acquired a new position in MongoDB in the fourth quarter valued at approximately $90,478,000. D1 Capital Partners L.P. acquired a new position in MongoDB in the fourth quarter valued at approximately $76,129,000. Finally, Amundi boosted its holdings in MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after purchasing an additional 321,186 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a report on Thursday, April 17th. Robert W. Baird lowered their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Scotiabank restated a "sector perform" rating and set a $160.00 target price (down from $240.00) on shares of MongoDB in a research report on Friday, April 25th. Finally, The Goldman Sachs Group lowered their target price on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $286.88.

MongoDB Stock Performance

MongoDB stock traded down $2.24 during midday trading on Friday, reaching $187.12. The company's stock had a trading volume of 2,627,437 shares, compared to its average volume of 1,891,587. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The stock's 50 day simple moving average is $174.13 and its 200 day simple moving average is $232.31. The firm has a market capitalization of $15.19 billion, a PE ratio of -68.29 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the business posted $0.86 EPS. Equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. The trade was a 0.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction on 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 directly owns 6,406 shares of the company's stock, valued at $1,109,903.56. This trade represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,203 shares of company stock valued at $4,660,459. 3.60% of the stock is owned by company insiders.

MongoDB 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.