Warm Springs Advisors Inc. Invests $1.69 Million in MongoDB, Inc. (NASDAQ:MDB)

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

A number of other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC boosted its holdings in shares of MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after purchasing an additional 39 shares during the period. Avestar Capital LLC boosted its holdings in shares of MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares during the period. Aigen Investment Management LP raised its stake in MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after buying an additional 55 shares in the last quarter. Perigon Wealth Management LLC raised its stake in MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after buying an additional 66 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after buying an additional 75 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company'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 completion of the transaction, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,203 shares of company stock worth $4,660,459 in the last three months. Corporate insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company downgraded shares of MongoDB from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Bank of America reduced their price target on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Canaccord Genuity Group reduced their price target 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. Stifel Nicolaus reduced their price target on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Oppenheimer reduced their price target on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $286.88.

MongoDB Stock Down 0.3%

NASDAQ:MDB traded down $0.50 during mid-day trading on Wednesday, hitting $188.45. 1,893,259 shares of the stock traded hands, compared to its average volume of 2,197,375. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of -68.78 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The firm's 50 day moving average is $174.60 and its two-hundred day moving average is $234.52.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly 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). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

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.