Two Sigma Advisers LP Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Two Sigma Advisers LP purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,000 shares of the company's stock, valued at approximately $6,519,000.

A number of other hedge funds have also modified their holdings of MDB. Park Avenue Securities LLC lifted its position in shares of MongoDB by 24.3% during the 4th quarter. Park Avenue Securities LLC now owns 1,723 shares of the company's stock valued at $401,000 after acquiring an additional 337 shares during the period. Nisa Investment Advisors LLC raised its position in MongoDB by 428.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after purchasing an additional 4,665 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in MongoDB by 3.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,099 shares of the company's stock valued at $1,886,000 after buying an additional 263 shares during the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB during the fourth quarter valued at $606,000. Finally, Moody Lynn & Lieberson LLC raised its position in shares of MongoDB by 9.4% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 10,225 shares of the company's stock worth $2,380,000 after acquiring an additional 880 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Guggenheim decreased their price target on shares of MongoDB from $300.00 to $235.00 and set a "buy" rating for the company in a research note on Wednesday. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Rosenblatt Securities reissued a "buy" rating and issued a $350.00 price target on shares of MongoDB in a report on Tuesday, March 4th. Finally, Wells Fargo & Company lowered MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Nine research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $286.88.

MongoDB Stock Down 0.4%

MDB traded down $0.72 on Thursday, reaching $187.74. 524,530 shares of the company traded hands, compared to its average volume of 1,929,248. The company has a market cap of $15.24 billion, a P/E ratio of -68.40 and a beta of 1.49. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a fifty day simple moving average of $174.52 and a two-hundred day simple moving average of $234.21.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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 analyst estimates of $519.65 million. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,203 shares of company stock valued at $4,660,459 over the last quarter. Company insiders own 3.60% of the company's stock.

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.