Two Sigma Investments LP Purchases Shares of 3,300 MongoDB, Inc. (NASDAQ:MDB)

Two Sigma Investments LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,300 shares of the company's stock, valued at approximately $768,000.

A number of other hedge funds have also recently made changes to their positions in MDB. Vanguard Group Inc. raised its holdings in shares of MongoDB by 0.3% in the 4th 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 in the last quarter. Franklin Resources Inc. increased its stake in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after acquiring an additional 181,962 shares during the period. Geode Capital Management LLC increased its stake in shares of MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after acquiring an additional 22,106 shares during the period. First Trust Advisors LP boosted its holdings in MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after buying an additional 95,893 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of MongoDB in the fourth quarter valued at about $189,584,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Activity

In other news, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the sale, the director now directly owns 1,107,006 shares of the company's stock, valued at approximately $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,208 shares of company stock valued at $10,167,739 in the last ninety days. 3.10% of the stock is owned by insiders.

MongoDB Trading Down 1.1%

NASDAQ MDB traded down $2.43 on Wednesday, hitting $210.60. 2,379,935 shares of the company were exchanged, compared to its average volume of 1,955,394. The firm has a 50 day moving average of $179.38 and a two-hundred day moving average of $227.94. The company has a market cap of $17.10 billion, a P/E ratio of -76.86 and a beta of 1.39. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Wedbush reiterated an "outperform" rating and set a $300.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. The Goldman Sachs Group reduced 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. Scotiabank raised their price target on shares of MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Finally, Bank of America increased their price objective on shares of MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $282.47.

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.