Two Sigma Advisers LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,000 shares of the company's stock, valued at approximately $6,519,000.
Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in MongoDB in the 4th quarter valued at approximately $189,584,000. Marshall Wace LLP acquired a new position in MongoDB in the 4th quarter valued at approximately $110,356,000. Raymond James Financial Inc. acquired a new position in shares of MongoDB during the fourth quarter worth $90,478,000. D1 Capital Partners L.P. bought a new stake in shares of MongoDB in the fourth quarter worth $76,129,000. Finally, Amundi increased 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 during the period. Institutional investors and hedge funds own 89.29% of the company's stock.
Analyst Ratings Changes
MDB has been the topic of several recent research reports. Robert W. Baird cut their target price on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. UBS Group set a $350.00 price objective on MongoDB in a research note on Tuesday, March 4th. Scotiabank reissued a "sector perform" rating and set a $160.00 target price (down previously from $240.00) on shares of MongoDB in a research report on Friday, April 25th. The Goldman Sachs Group dropped their price target 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. Finally, Needham & Company LLC reduced their price objective on shares of MongoDB from $415.00 to $270.00 and set a "buy" 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 issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $288.91.
Read Our Latest Report on MDB
Insider Activity
In related news, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total value of $2,229,445.80. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $58,121,799.12. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,538 shares of company stock valued at $6,889,905 in the last ninety days. 3.60% of the stock is currently owned by insiders.
MongoDB Stock Performance
Shares of MongoDB stock traded up $3.10 on Tuesday, hitting $188.95. The company had a trading volume of 1,979,362 shares, compared to its average volume of 1,933,997. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a 50 day moving average of $174.61 and a 200-day moving average of $234.84. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of -68.96 and a beta of 1.49.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the previous year, the company posted $0.86 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.
MongoDB Company Profile
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Free Report)
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.
Further Reading
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