MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 43.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 339,257 shares of the company's stock after purchasing an additional 102,556 shares during the period. MongoDB makes up 0.8% of Frontier Capital Management Co. LLC's holdings, making the stock its 27th largest position. Frontier Capital Management Co. LLC owned approximately 0.46% of MongoDB worth $78,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Circle Wealth Management LLC boosted its holdings in shares of MongoDB by 7.0% in the 4th quarter. Circle Wealth Management LLC now owns 4,846 shares of the company's stock valued at $1,128,000 after buying an additional 315 shares during the last quarter. Deutsche Bank AG grew its holdings in MongoDB by 52.9% in the 4th quarter. Deutsche Bank AG now owns 294,463 shares of the company's stock valued at $68,554,000 after buying an additional 101,819 shares in the last quarter. Diker Management LLC lifted its holdings in shares of MongoDB by 66.7% during the fourth quarter. Diker Management LLC now owns 10,000 shares of the company's stock worth $2,328,000 after buying an additional 4,000 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of MongoDB in the fourth quarter valued at about $12,041,000. Finally, Daventry Group LP raised its stake in MongoDB by 61.1% in the 4th quarter. Daventry Group LP now owns 92,720 shares of the company's stock worth $21,586,000 after purchasing an additional 35,170 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $0.72 during trading on Friday, reaching $178.54. 1,598,686 shares of the stock traded hands, compared to its average volume of 1,865,585. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06. The stock has a 50-day moving average of $176.07 and a two-hundred day moving average of $241.73. The stock has a market cap of $14.50 billion, a P/E ratio of -65.16 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.86 earnings per share. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In related news, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the transaction, the chief executive officer now owns 268,948 shares of the company's stock, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,423 shares of company stock valued at $7,429,989 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

MDB has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target 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. Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Barclays reduced their price objective on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley reduced their target price on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and an average price target of $294.78.

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.