Peregrine Investment Management Inc. Purchases Shares of 16,180 MongoDB, Inc. (NASDAQ:MDB)

Peregrine Investment Management Inc. acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,180 shares of the company's stock, valued at approximately $3,767,000. MongoDB comprises approximately 2.2% of Peregrine Investment Management Inc.'s holdings, making the stock its 24th biggest position.

A number of other large investors also recently made changes to their positions in the company. Jennison Associates LLC lifted its position in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in shares of MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock valued at $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Holocene Advisors LP lifted its position in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock valued at $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after purchasing an additional 294,228 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDB has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Citigroup lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Morgan Stanley lifted their price objective on shares of MongoDB from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. 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 report on Monday, January 6th. Finally, Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $361.00.

MongoDB Trading Down 1.2 %

Shares of NASDAQ:MDB traded down $3.52 during trading on Wednesday, reaching $295.00. The company had a trading volume of 1,051,730 shares, compared to its average volume of 1,501,947. The company has a fifty day moving average of $261.45 and a two-hundred day moving average of $272.51. The stock has a market capitalization of $21.97 billion, a P/E ratio of -107.66 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $459.78.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. This represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,094 shares of company stock valued at $11,705,293. Insiders own 3.60% of the company's stock.

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.