Alberta Investment Management Corp Takes $5.90 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Alberta Investment Management Corp bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,320 shares of the company's stock, valued at approximately $5,895,000.

A number of other hedge funds also recently added to or reduced their stakes in MDB. Hilltop National Bank lifted its holdings in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after buying an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new stake in MongoDB during the 3rd quarter worth approximately $36,000. Continuum Advisory LLC lifted its holdings in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after buying an additional 118 shares in the last quarter. Versant Capital Management Inc lifted its holdings in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the 3rd quarter valued at $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

MongoDB stock traded down $16.92 during midday trading on Friday, hitting $273.08. 909,374 shares of the company's stock were exchanged, compared to its average volume of 1,483,896. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of -99.65 and a beta of 1.28. The firm's 50 day simple moving average is $261.59 and its 200 day simple moving average is $273.25. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.70.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Tigress Financial raised their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Piper Sandler restated an "overweight" rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Finally, Macquarie assumed coverage on shares of MongoDB in a report on Thursday, December 12th. They issued a "neutral" rating and a $300.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $361.00.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the completion of the transaction, the director now owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction dated 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 owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,979 shares of company stock worth $11,963,757 over the last 90 days. Company 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.