Teza Capital Management LLC Raises Position in MongoDB, Inc. (NASDAQ:MDB)

Teza Capital Management LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 102.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,856 shares of the company's stock after purchasing an additional 3,465 shares during the quarter. Teza Capital Management LLC's holdings in MongoDB were worth $1,596,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB in the fourth quarter valued at $29,000. NCP Inc. acquired a new position in MongoDB in the fourth quarter valued at $35,000. Coppell Advisory Solutions LLC lifted its holdings in MongoDB by 364.0% in 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 lifted its holdings in MongoDB by 56.8% in 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 period. Finally, Manchester Capital Management LLC raised its holdings 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 purchasing an additional 140 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

Shares of MongoDB stock traded down $2.73 on Friday, reaching $185.85. 1,248,300 shares of the company traded hands, compared to its average volume of 1,933,814. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The company has a 50 day moving average of $174.70 and a 200 day moving average of $235.98. The firm has a market capitalization of $15.09 billion, a PE ratio of -67.83 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 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 the consensus estimate of $519.65 million. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MDB shares. Wedbush dropped their price objective on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Needham & Company LLC dropped their price objective on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Scotiabank reiterated a "sector perform" rating and set a $160.00 price objective (down previously from $240.00) on shares of MongoDB in a report on Friday, April 25th. Truist Financial dropped their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Daiwa Capital Markets started coverage on shares of MongoDB in a report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus price target of $288.91.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total value of $2,229,445.80. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $58,121,799.12. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. The trade was a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,538 shares of company stock valued at $6,889,905 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.