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

Warm Springs Advisors Inc. acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,263 shares of the company's stock, valued at approximately $1,691,000. MongoDB accounts for about 1.6% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors also recently modified their holdings of MDB. Cache Advisors LLC bought a new position in shares of MongoDB during the fourth quarter worth about $233,000. GF Fund Management CO. LTD. bought a new stake in MongoDB during the fourth quarter worth $3,259,000. Woodline Partners LP acquired a new stake in MongoDB in the fourth quarter valued at $247,000. Vident Advisory LLC lifted its stake in MongoDB by 25.9% in the fourth quarter. Vident Advisory LLC now owns 1,851 shares of the company's stock valued at $431,000 after acquiring an additional 381 shares during the last quarter. Finally, Spyglass Capital Management LLC grew its position in shares of MongoDB by 5.8% in the 4th quarter. Spyglass Capital Management LLC now owns 249,683 shares of the company's stock valued at $58,129,000 after acquiring an additional 13,712 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the transaction, the director now directly owns 19,333 shares in the company, valued at $3,377,281.77. This represents a 5.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,203 shares of company stock valued at $4,660,459 in the last three months. Corporate insiders own 3.60% of the company's stock.

MongoDB Price Performance

Shares of MDB traded up $1.55 during trading hours on Thursday, hitting $190.00. 779,506 shares of the stock were exchanged, compared to its average volume of 1,930,223. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The business has a 50-day moving average of $174.52 and a 200-day moving average of $234.21. The firm has a market capitalization of $15.43 billion, a P/E ratio of -69.34 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the business posted $0.86 earnings per share. As a group, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of MongoDB in a research report on Tuesday, May 20th. The Goldman Sachs Group reduced their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Loop Capital lowered MongoDB from a "buy" rating to a "hold" rating and lowered their target price for the stock from $350.00 to $190.00 in a research note on Tuesday, May 20th. Bank of America dropped their target price on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a research report on Thursday, April 17th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $286.88.

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.