Warm Springs Advisors Inc. Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Warm Springs Advisors Inc. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,263 shares of the company's stock, valued at approximately $1,691,000. MongoDB makes up 1.6% of Warm Springs Advisors Inc.'s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB in the fourth quarter valued at approximately $29,000. NCP Inc. acquired a new position in shares of MongoDB in the fourth quarter valued at approximately $35,000. Coppell Advisory Solutions LLC boosted its holdings in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after buying an additional 182 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after buying an additional 134 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in MongoDB by 57.4% during the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after purchasing an additional 140 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company cut shares of MongoDB from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Stifel Nicolaus reduced their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a report on Friday, April 11th. Canaccord Genuity Group decreased their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Daiwa America raised shares of MongoDB to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Macquarie dropped their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.91.

MongoDB Stock Performance

NASDAQ:MDB traded up $3.10 during mid-day trading on Tuesday, reaching $188.95. 1,979,362 shares of the company's stock were exchanged, compared to its average volume of 1,933,997. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a market capitalization of $15.34 billion, a PE ratio of -68.96 and a beta of 1.49. The business's fifty day simple moving average is $174.60 and its two-hundred day simple moving average is $234.52.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the business earned $0.86 earnings per share. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares in the company, valued at $46,597,930.48. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,538 shares of company stock worth $6,889,905. Corporate 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.