Connor Clark & Lunn Investment Management Ltd. Makes New $2.06 Million Investment in MongoDB, Inc. (NASDAQ:MDB)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,861 shares of the company's stock, valued at approximately $2,063,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hilltop National Bank lifted its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter valued at about $35,000. Brooklyn Investment Group acquired a new position in shares of MongoDB during the 3rd quarter valued at about $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 169 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 287 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last ninety days. 3.60% of the stock is owned by insiders.

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MongoDB Stock Up 1.7 %

Shares of MongoDB stock traded up $3.24 on Friday, hitting $192.54. 2,184,849 shares of the company's stock traded hands, compared to its average volume of 1,698,559. The stock has a market cap of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30. The firm's 50-day moving average is $250.97 and its 200 day moving average is $269.65. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million for 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 quarter last year, the company posted $0.86 earnings per share. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MDB shares. Stifel Nicolaus dropped their price objective on shares of MongoDB from $425.00 to $340.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Bank of America dropped their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Royal Bank of Canada dropped their target price on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Macquarie dropped their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $320.70.

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.