Two Sigma Investments LP Makes New $768,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Two Sigma Investments LP purchased a new position in shares of 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 3,300 shares of the company's stock, valued at approximately $768,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Two Sigma Advisers LP purchased a new stake in shares of MongoDB in the fourth quarter worth about $6,519,000. Tairen Capital Ltd purchased a new stake in shares of MongoDB in the fourth quarter worth about $11,617,000. Teza Capital Management LLC boosted its position in shares of MongoDB by 102.2% in the fourth quarter. Teza Capital Management LLC now owns 6,856 shares of the company's stock worth $1,596,000 after buying an additional 3,465 shares during the period. Toronto Dominion Bank boosted its position in shares of MongoDB by 10.8% in the fourth quarter. Toronto Dominion Bank now owns 10,484 shares of the company's stock worth $2,441,000 after buying an additional 1,022 shares during the period. Finally, Sender Co & Partners Inc. purchased a new position in MongoDB in the fourth quarter valued at about $2,336,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Guggenheim increased their price target on MongoDB from $235.00 to $260.00 and gave the company a "buy" rating in a report on Thursday. Truist Financial reduced their price target on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Citigroup reduced their price target on MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Oppenheimer reduced their price target on MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Stifel Nicolaus reduced their price target on MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average price target of $282.47.

MongoDB Price Performance

MDB opened at $220.14 on Friday. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The stock has a market cap of $17.87 billion, a P/E ratio of -80.34 and a beta of 1.40. The stock's 50 day moving average price is $176.52 and its 200 day moving average price is $229.93.

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

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 301 shares of MongoDB 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 transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares in the company, valued at approximately $1,109,903.56. This trade represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,203 shares of company stock worth $3,848,569 in the last three months. 3.10% of the stock is owned by company insiders.

About MongoDB

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.

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