Melqart Asset Management UK Ltd Purchases New Position in MongoDB, Inc. (NASDAQ:MDB)

Melqart Asset Management UK Ltd purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 40,857 shares of the company's stock, valued at approximately $9,512,000. MongoDB makes up 1.1% of Melqart Asset Management UK Ltd's portfolio, making the stock its 25th largest holding. Melqart Asset Management UK Ltd owned 0.05% of MongoDB at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB in the 4th quarter worth about $29,000. Hilltop National Bank increased its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. purchased a new position in shares of MongoDB during the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB during the 3rd quarter worth $44,000. Finally, Versant Capital Management Inc boosted its stake in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of the business's 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the sale, the chief executive officer now owns 268,948 shares in the company, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 39,345 shares of company stock worth $8,485,310. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MDB shares. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Monday, January 6th. Rosenblatt Securities restated a "buy" rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a research note on Thursday, April 17th. Scotiabank restated a "sector perform" rating and set a $160.00 target price (down previously from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Finally, Oppenheimer lowered their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $294.78.

MongoDB Price Performance

NASDAQ MDB traded down $2.52 during trading hours on Wednesday, reaching $172.17. The company's stock had a trading volume of 1,439,807 shares, compared to its average volume of 1,844,175. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of -62.84 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The company's 50-day moving average is $190.43 and its two-hundred day moving average is $247.31.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the previous year, the company posted $0.86 EPS. Equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal 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.