Bayesian Capital Management LP Has $519,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Bayesian Capital Management LP lowered its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,229 shares of the company's stock after selling 33,300 shares during the quarter. Bayesian Capital Management LP's holdings in MongoDB were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB in the 4th quarter valued at $29,000. Hilltop National Bank grew its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter worth $35,000. Versant Capital Management Inc grew 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 purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research analyst reports. Cantor Fitzgerald assumed coverage on MongoDB in a report on Wednesday, March 5th. They set an "overweight" rating and a $344.00 price objective for the company. Morgan Stanley cut their target price on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup lowered their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price target for the company. Finally, Needham & Company LLC decreased their price objective on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Eight investment 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $294.78.

Insider Buying and Selling 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 transaction of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. The trade was a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 $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 worth $7,148,369 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

MongoDB Stock Up 5.2%

MDB stock traded up $9.22 during midday trading on Monday, hitting $187.76. 864,736 shares of the company traded hands, compared to its average volume of 1,861,994. The business has a 50 day simple moving average of $176.07 and a 200-day simple moving average of $241.58. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of -68.64 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06.

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

About MongoDB

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.