Quantinno Capital Management LP Grows Stake in MongoDB, Inc. (NASDAQ:MDB)

Quantinno Capital Management LP raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 100.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,262 shares of the company's stock after acquiring an additional 7,137 shares during the period. Quantinno Capital Management LP's holdings in MongoDB were worth $3,321,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MDB. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the fourth quarter worth $29,000. NCP Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth $35,000. Coppell Advisory Solutions LLC grew its stake in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after buying an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of MongoDB by 57.4% during the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock valued at $89,000 after buying an additional 140 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Citigroup dropped their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Scotiabank reaffirmed a "sector perform" rating and set a $160.00 price objective (down from $240.00) on shares of MongoDB in a research report on Friday, April 25th. Finally, Oppenheimer dropped their price objective on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $293.91.

MongoDB Trading Down 1.2%

NASDAQ:MDB opened at $189.01 on Tuesday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $379.06. The stock has a 50-day moving average price of $174.77 and a 200 day moving average price of $238.15. The stock has a market capitalization of $15.35 billion, a P/E ratio of -68.98 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same quarter in the prior year, the business posted $0.86 EPS. On average, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 $1,109,903.56. This represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,538 shares of company stock worth $6,889,905. 3.60% of the stock is owned by corporate insiders.

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.

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