MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Sora Investors LLC

Sora Investors LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 443.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,380 shares of the company's stock after acquiring an additional 44,380 shares during the quarter. Sora Investors LLC owned 0.07% of MongoDB worth $12,660,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Rafferty Asset Management LLC lifted its holdings in shares of MongoDB by 24.1% during the fourth quarter. Rafferty Asset Management LLC now owns 52,321 shares of the company's stock worth $12,181,000 after purchasing an additional 10,172 shares during the period. Point72 Hong Kong Ltd lifted its holdings in shares of MongoDB by 14.1% during the fourth quarter. Point72 Hong Kong Ltd now owns 33,599 shares of the company's stock worth $7,822,000 after purchasing an additional 4,141 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of MongoDB during the fourth quarter worth about $14,458,000. ProShare Advisors LLC lifted its holdings in shares of MongoDB by 20.2% during the fourth quarter. ProShare Advisors LLC now owns 84,911 shares of the company's stock worth $19,768,000 after purchasing an additional 14,260 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of MongoDB by 100.2% during the fourth quarter. Quantinno Capital Management LP now owns 14,262 shares of the company's stock worth $3,321,000 after purchasing an additional 7,137 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Trading Down 1.2%

MDB traded down $2.28 on Monday, hitting $189.01. 1,741,136 shares of the company's stock were exchanged, compared to its average volume of 1,913,723. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $379.06. The firm has a 50-day moving average price of $174.77 and a 200-day moving average price of $238.15. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of -68.98 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial decreased their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Piper Sandler reduced their price target on MongoDB from $280.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. China Renaissance initiated coverage on MongoDB in a research report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price target for the company. Morgan Stanley reduced their price target on MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Mizuho reduced their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $293.91.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the sale, the director now owns 83,845 shares of the company's stock, valued at $24,486,932.25. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business's 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 transaction, the chief executive officer now directly owns 217,294 shares in the company, 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 have sold a total of 34,423 shares of company stock valued at $7,148,369 in the last 90 days. 3.60% of the stock is 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.