Summit Trail Advisors LLC Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Summit Trail Advisors LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 962 shares of the company's stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jennison Associates LLC boosted its holdings in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock worth $838,632,000 after buying an additional 592,038 shares during the period. Geode Capital Management LLC grew its position in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in MongoDB by 1.5% during the 3rd 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 during the period. Holocene Advisors LP raised its stake in MongoDB by 22.6% during the 3rd 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 during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of MongoDB by 11,057.0% in 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. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent analyst reports. Monness Crespi & Hardt lowered MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Monday, December 16th. Rosenblatt Securities started coverage on shares of MongoDB in a research report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 price target for the company. DA Davidson boosted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Canaccord Genuity Group increased their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus price target of $361.00.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 169 shares of MongoDB 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 completion of the transaction, the chief accounting officer now directly owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $349.17, for a total transaction of $698,340.00. Following the sale, the director now owns 1,124,006 shares of the company's stock, valued at $392,469,175.02. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,094 shares of company stock worth $11,705,293. Corporate insiders own 3.60% of the company's stock.

MongoDB Stock Down 1.1 %

MongoDB stock traded down $3.34 during trading hours on Friday, hitting $289.63. The stock had a trading volume of 1,247,880 shares, compared to its average volume of 1,481,443. The company has a 50-day moving average of $262.66 and a two-hundred day moving average of $272.16. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $488.00. The company has a market cap of $21.57 billion, a PE ratio of -105.70 and a beta of 1.28.

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

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.