MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 5,298.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,818 shares of the company's stock after buying an additional 54,784 shares during the period. Brevan Howard Capital Management LP owned approximately 0.07% of MongoDB worth $12,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in MongoDB during the fourth quarter valued at $29,000. Hilltop National Bank increased its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. purchased a new stake in shares of MongoDB in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter valued at about $44,000. Finally, Versant Capital Management Inc increased its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value 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 trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the company's 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 $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,423 shares of company stock worth $7,429,989. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

MDB has been the topic of several research analyst reports. Mizuho dropped their target price on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a research report on Thursday, April 17th. Loop Capital reduced their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Bank of America dropped their price target on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Barclays decreased their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, MongoDB has an average rating of "Moderate Buy" and an average target price of $294.78.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $0.72 during midday trading on Friday, reaching $178.54. 1,598,686 shares of the company's stock were exchanged, compared to its average volume of 1,860,175. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of -65.16 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $379.06. The firm's 50 day simple moving average is $176.07 and its two-hundred day simple moving average is $241.86.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its 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). The firm 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 last year, the business earned $0.86 earnings per share. Equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share 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.