2,556 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Aljian Capital Management LLC

Aljian Capital Management LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,556 shares of the company's stock, valued at approximately $595,000.

Several other large investors 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 purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the third quarter worth about $36,000. GAMMA Investing LLC boosted its position in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after acquiring an additional 93 shares during the period. Continuum Advisory LLC grew its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Activity

In other news, insider Cedric Pech sold 287 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company's stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,094 shares of company stock worth $11,705,293 over the last quarter. Insiders own 3.60% of the company's stock.

MongoDB Trading Down 1.1 %

NASDAQ:MDB traded down $3.34 on Monday, reaching $289.63. 1,247,880 shares of the stock traded hands, compared to its average volume of 1,481,443. The company has a market capitalization of $21.57 billion, a price-to-earnings ratio of -105.70 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $488.00. The company's fifty day simple moving average is $262.66 and its 200 day simple moving average is $272.16.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS 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 return on equity of 12.22% and a negative net margin of 10.46%. The business's revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the topic of several research analyst reports. Tigress Financial upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Monness Crespi & Hardt lowered MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a report on Monday, December 16th. Robert W. Baird raised their target price on shares of MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. DA Davidson lifted their target price 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. Finally, Wells Fargo & Company lifted their price objective on shares of MongoDB from $350.00 to $425.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $361.00.

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.