Two Sigma Advisers LP Takes Position in MongoDB, Inc. (NASDAQ:MDB)

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

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after purchasing an additional 23,942 shares during the period. Franklin Resources Inc. increased its position in MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after purchasing an additional 181,962 shares during the period. Geode Capital Management LLC raised its holdings in shares of MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after purchasing an additional 22,106 shares in the last quarter. First Trust Advisors LP lifted its position in shares of MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after purchasing an additional 95,893 shares during the period. Finally, Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at approximately $189,584,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now directly owns 1,109,006 shares in the company, valued at $300,130,293.78. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 301 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,203 shares of company stock worth $4,660,459. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MDB shares. Daiwa America upgraded MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. Scotiabank reissued a "sector perform" rating and issued a $160.00 price target (down from $240.00) on shares of MongoDB in a research report on Friday, April 25th. UBS Group set a $350.00 price objective on MongoDB in a research report on Tuesday, March 4th. Guggenheim cut their target price on MongoDB from $300.00 to $235.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Morgan Stanley decreased their price target on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $286.88.

MongoDB Trading Down 0.3%

NASDAQ MDB traded down $0.49 on Wednesday, hitting $188.46. 1,601,246 shares of the company's stock traded hands, compared to its average volume of 1,933,813. The firm's 50-day moving average price is $174.60 and its two-hundred day moving average price is $234.52. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The firm has a market capitalization of $15.30 billion, a PE ratio of -68.78 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $519.65 million. During the same quarter in the previous year, the business posted $0.86 EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.