Darwin Wealth Management LLC Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Darwin Wealth Management LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,801 shares of the company's stock, valued at approximately $2,372,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MDB. E Fund Management Co. Ltd. grew its stake in MongoDB by 36.2% during the fourth quarter. E Fund Management Co. Ltd. now owns 2,730 shares of the company's stock valued at $1,116,000 after acquiring an additional 726 shares in the last quarter. Everpar Advisors LLC purchased a new position in MongoDB during the fourth quarter valued at $274,000. Charles Schwab Investment Management Inc. grew its stake in MongoDB by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 249,122 shares of the company's stock valued at $101,854,000 after acquiring an additional 11,439 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in MongoDB during the fourth quarter valued at $301,000. Finally, Maryland State Retirement & Pension System grew its stake in MongoDB by 3.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 5,206 shares of the company's stock valued at $2,128,000 after acquiring an additional 191 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on MDB shares. Needham & Company LLC reaffirmed a "buy" rating and set a $465.00 target price on shares of MongoDB in a research note on Friday, May 3rd. Guggenheim lifted their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research note on Monday, March 4th. Truist Financial lifted their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Stifel Nicolaus reissued a "buy" rating and issued a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Finally, KeyCorp dropped their price objective on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $443.86.

MongoDB Trading Down 0.3 %

Shares of MDB stock traded down $1.22 during midday trading on Friday, reaching $353.47. 512,985 shares of the company traded hands, compared to its average volume of 1,160,311. The firm's 50 day simple moving average is $362.63 and its two-hundred day simple moving average is $390.96. MongoDB, Inc. has a 1-year low of $259.53 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Equities research analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 6,000 shares of the business's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares of the company's stock, valued at approximately $430,736,560.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. In the last three months, insiders sold 46,802 shares of company stock valued at $16,514,071. Company insiders own 4.80% of the company's stock.

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.