Lighthouse Investment Partners LLC Buys 13,500 Shares of MongoDB, Inc. (NASDAQ:MDB)

Lighthouse Investment Partners LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 245.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the company's stock after purchasing an additional 13,500 shares during the period. Lighthouse Investment Partners LLC's holdings in MongoDB were worth $4,423,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MDB. Vanguard Group Inc. grew its holdings in MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after buying an additional 23,942 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Geode Capital Management LLC increased its position in MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after purchasing an additional 22,106 shares in the last quarter. First Trust Advisors LP raised its stake in MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after purchasing an additional 95,893 shares during the last quarter. Finally, Norges Bank purchased a new position in MongoDB in the 4th quarter valued at about $189,584,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Up 0.4%

Shares of MongoDB stock traded up $0.79 during midday trading on Friday, reaching $191.29. The company had a trading volume of 7,849,265 shares, compared to its average volume of 1,905,055. The stock has a fifty day simple moving average of $175.00 and a 200 day simple moving average of $239.84. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of -69.81 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company 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 quarter in the prior year, the business earned $0.86 earnings per share. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Canaccord Genuity Group decreased their price objective on MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Daiwa America upgraded MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Citigroup cut their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $293.91.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. The trade was a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,423 shares of company stock valued at $7,148,369 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

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.