Tidal Investments LLC Has $999,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Tidal Investments LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 45.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,290 shares of the company's stock after selling 3,569 shares during the quarter. Tidal Investments LLC's holdings in MongoDB were worth $999,000 at the end of the most recent quarter.

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

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares of the company's stock, valued at $46,597,930.48. This represents a 6.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,203 shares of company stock worth $4,660,459. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MDB has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on MongoDB in a research note on Wednesday, March 5th. They set an "overweight" rating and a $344.00 target price on the stock. Stifel Nicolaus cut their target price on MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Morgan Stanley cut their target price on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank reaffirmed a "sector perform" rating and set a $160.00 target price (down previously from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Finally, Wedbush cut their target price on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average price target of $286.88.

MongoDB Stock Performance

Shares of MDB stock traded down $0.50 on Wednesday, reaching $188.45. 1,893,392 shares of the company's stock traded hands, compared to its average volume of 1,933,842. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The company has a market capitalization of $15.30 billion, a P/E ratio of -68.78 and a beta of 1.49. The business's 50 day moving average price is $174.52 and its two-hundred day moving average price is $234.21.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly 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 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 firm posted $0.86 EPS. Research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.