5,442 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,442 shares of the company's stock, valued at approximately $1,267,000.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial cut their price objective on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target for the company in a research report on Monday, January 6th. Bank of America lowered their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Piper Sandler reduced their target price on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Macquarie cut their price objective on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $294.78.

MongoDB Stock Performance

MongoDB stock traded down $2.52 during trading hours on Wednesday, hitting $172.17. The company had a trading volume of 1,439,807 shares, compared to its average volume of 1,841,132. The firm has a market cap of $13.98 billion, a P/E ratio of -62.84 and a beta of 1.49. The company has a 50-day moving average price of $190.43 and a two-hundred day moving average price of $247.31. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 the consensus estimate 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 period last year, the firm earned $0.86 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction dated 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 in the company, valued at $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,345 shares of company stock valued at $8,485,310. Company insiders own 3.60% of the company's stock.

MongoDB 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.