Altshuler Shaham Ltd Invests $1.21 Million in MongoDB, Inc. (NASDAQ:MDB)

Altshuler Shaham Ltd purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,205 shares of the company's stock, valued at approximately $1,212,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. bought a new position in MongoDB in the fourth quarter valued at about $35,000. Versant Capital Management Inc raised its position in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the 3rd quarter worth approximately $44,000. Finally, Morse Asset Management Inc purchased a new position in MongoDB in the 3rd quarter worth approximately $81,000. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Oppenheimer decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Canaccord Genuity Group reduced their price target on MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Barclays cut their price objective on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Finally, Truist Financial cut their price target on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Eight equities research 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. According to data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and an average target price of $299.78.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total value of $2,333,716.65. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 301 shares of MongoDB 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 directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,680 shares of company stock worth $10,819,027. Insiders own 3.60% of the company's stock.

MongoDB Trading Up 1.3 %

NASDAQ:MDB traded up $1.93 during midday trading on Tuesday, reaching $153.60. The company had a trading volume of 1,001,264 shares, compared to its average volume of 1,814,689. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of -55.97 and a beta of 1.49. The stock's fifty day simple moving average is $205.34 and its 200-day simple moving average is $251.62. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts' expectations 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 in the prior year, the company posted $0.86 earnings per share. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

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.