Sender Co & Partners Inc. Purchases Shares of 10,034 MongoDB, Inc. (NASDAQ:MDB)

Sender Co & Partners Inc. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,034 shares of the company's stock, valued at approximately $2,336,000. MongoDB makes up 2.1% of Sender Co & Partners Inc.'s portfolio, making the stock its 11th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC grew its holdings in shares of MongoDB by 6.5% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 14,818 shares of the company's stock worth $3,450,000 after acquiring an additional 906 shares during the period. Sora Investors LLC grew its holdings in shares of MongoDB by 443.8% during the 4th quarter. Sora Investors LLC now owns 54,380 shares of the company's stock worth $12,660,000 after acquiring an additional 44,380 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of MongoDB by 24.1% during the 4th quarter. Rafferty Asset Management LLC now owns 52,321 shares of the company's stock worth $12,181,000 after acquiring an additional 10,172 shares during the period. Point72 Hong Kong Ltd grew its holdings in shares of MongoDB by 14.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 33,599 shares of the company's stock worth $7,822,000 after acquiring an additional 4,141 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of MongoDB during the 4th quarter worth approximately $14,458,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $0.07 during mid-day trading on Tuesday, reaching $188.94. The company's stock had a trading volume of 2,498,131 shares, compared to its average volume of 1,921,115. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $379.06. The stock has a fifty day moving average of $174.77 and a two-hundred day moving average of $238.15. The firm has a market capitalization of $15.34 billion, a PE ratio of -68.96 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the company earned $0.86 earnings per share. Analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, 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 owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $58,121,799.12. The trade was a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,538 shares of company stock valued at $6,889,905 in the last 90 days. Insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MDB. Wells Fargo & Company downgraded MongoDB from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Citigroup dropped their target price on MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Piper Sandler cut their target price on MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Wedbush lowered their price target on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Macquarie cut their price objective on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $288.91.

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.