Boothbay Fund Management LLC Buys 7,842 Shares of MongoDB, Inc. (NASDAQ:MDB)

Boothbay Fund Management LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 352.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,066 shares of the company's stock after purchasing an additional 7,842 shares during the period. Boothbay Fund Management LLC's holdings in MongoDB were worth $2,343,000 as of its most recent SEC filing.

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

MongoDB Trading Up 0.0 %

MongoDB stock traded up $0.02 during trading hours on Thursday, hitting $172.19. 1,968,961 shares of the stock traded hands, compared to its average volume of 1,844,676. The company has a market cap of $13.98 billion, a PE ratio of -62.84 and a beta of 1.49. The firm's 50-day moving average price is $188.41 and its two-hundred day moving average price is $246.79. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19.

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 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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 directly 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 39,345 shares of company stock worth $8,485,310 in the last ninety days. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDB shares. Truist Financial dropped their price objective on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Loop Capital lowered their price target on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their target price on MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Eight 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $294.78.

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.