Cookson Peirce & Co. Inc. Increases Position in MongoDB, Inc. (NASDAQ:MDB)

Cookson Peirce & Co. Inc. increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 470.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,315 shares of the company's stock after buying an additional 5,208 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in MongoDB were worth $2,582,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MDB. Raymond James & Associates raised its stake in shares of MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company's stock valued at $24,759,000 after purchasing an additional 7,510 shares during the period. Nordea Investment Management AB raised its stake in shares of MongoDB by 298.2% in the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company's stock valued at $7,735,000 after purchasing an additional 13,972 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of MongoDB by 9.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company's stock valued at $658,000 after purchasing an additional 168 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 1,196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company's stock valued at $11,945,000 after purchasing an additional 26,961 shares during the period. Finally, Blueshift Asset Management LLC bought a new position in shares of MongoDB in the 3rd quarter valued at about $902,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDB. Truist Financial raised their price objective on MongoDB from $440.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. KeyCorp lifted their price target on MongoDB from $500.00 to $543.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Stifel Nicolaus restated a "buy" rating and set a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. JMP Securities restated a "market outperform" rating and set a $440.00 price objective on shares of MongoDB in a report on Monday, January 22nd. Finally, UBS Group restated a "neutral" rating and set a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $448.74.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares in the company, valued at approximately $421,496,160. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares in the company, valued at approximately $421,496,160. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the sale, the chief executive officer now owns 198,166 shares of the company's stock, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. Insiders have sold 92,802 shares of company stock worth $36,356,911 in the last quarter. Insiders own 4.80% of the company's stock.

MongoDB Stock Up 0.8 %

Shares of NASDAQ MDB traded up $2.63 during trading on Tuesday, hitting $349.80. 1,460,133 shares of the company traded hands, compared to its average volume of 1,390,572. The business's fifty day moving average is $401.23 and its 200 day moving average is $390.75. MongoDB, Inc. has a fifty-two week low of $212.52 and a fifty-two week high of $509.62. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of -140.45 and a beta of 1.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Equities research analysts predict that MongoDB, Inc. will post -2.53 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.