CloudAlpha Capital Management Limited Hong Kong Grows Stake in MongoDB, Inc. (NASDAQ:MDB)

CloudAlpha Capital Management Limited Hong Kong grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 398.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 25,400 shares of the company's stock after acquiring an additional 20,300 shares during the quarter. MongoDB comprises about 1.0% of CloudAlpha Capital Management Limited Hong Kong's portfolio, making the stock its 19th biggest holding. CloudAlpha Capital Management Limited Hong Kong's holdings in MongoDB were worth $10,385,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in shares of MongoDB during the 2nd quarter worth $27,000. Blue Trust Inc. raised its holdings in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company's stock worth $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of MongoDB during the 3rd quarter worth $30,000. Parkside Financial Bank & Trust increased its holdings in MongoDB by 176.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company's stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in MongoDB in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Down 2.0 %

NASDAQ MDB traded down $7.05 on Wednesday, reaching $342.75. The company had a trading volume of 912,432 shares, compared to its average volume of 1,384,095. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62. The stock has a market capitalization of $24.96 billion, a P/E ratio of -138.21 and a beta of 1.19. The company's fifty day moving average is $399.36 and its 200 day moving average is $390.78. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million for the quarter, compared to analysts' expectations of $431.99 million. Sell-side analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the subject of a number of recent research reports. DA Davidson raised MongoDB from a "neutral" rating to a "buy" rating and upped their target price for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Citigroup upped their target price on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $465.00 target price on shares of MongoDB in a report on Tuesday, April 9th. UBS Group reaffirmed a "neutral" rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $448.74.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company's stock, valued at approximately $222,136,320. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the transaction, the executive now owns 45,444 shares in the company, valued at approximately $15,819,510.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the transaction, the director now owns 528,896 shares of the company's stock, valued at approximately $222,136,320. The disclosure for this sale can be found here. Insiders sold a total of 92,802 shares of company stock valued at $36,356,911 in the last ninety days. 4.80% of the stock is currently owned by insiders.

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.