Tower Research Capital LLC TRC Purchases 6,842 Shares of MongoDB, Inc. (NASDAQ:MDB)

Tower Research Capital LLC TRC increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 554.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,077 shares of the company's stock after purchasing an additional 6,842 shares during the quarter. Tower Research Capital LLC TRC's holdings in MongoDB were worth $1,880,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hilltop National Bank increased its stake in MongoDB by 47.2% in the fourth 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. Avestar Capital LLC boosted its holdings in MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after purchasing an additional 55 shares during the period. Perigon Wealth Management LLC lifted its position in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after buying an additional 66 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after buying an additional 75 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In related news, insider Cedric Pech sold 1,690 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the transaction, the chief financial officer now owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,680 shares of company stock valued at $10,819,027 in the last quarter. 3.60% of the stock is currently owned by insiders.

MongoDB Price Performance

MDB traded down $0.99 during trading on Monday, reaching $172.51. The company had a trading volume of 466,328 shares, compared to its average volume of 1,836,056. The company has a market cap of $14.01 billion, a P/E ratio of -63.00 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19. The business's fifty day moving average price is $195.15 and its 200 day moving average price is $248.65.

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

Wall Street Analyst Weigh In

MDB has been the topic of several analyst reports. Daiwa Capital Markets assumed coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 target price on the stock. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective on the stock in a research note on Monday, January 6th. Macquarie dropped their price objective on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, March 7th. UBS Group set a $350.00 target price on MongoDB in a report on Tuesday, March 4th. Finally, Mizuho dropped their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $294.78.

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.