Allstate Corp Takes $510,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Allstate Corp bought a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,191 shares of the company's stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hilltop National Bank increased its holdings in 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 stake in MongoDB during the fourth quarter valued at about $35,000. Continuum Advisory LLC increased its position in MongoDB by 621.1% in the third 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 position 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 buying an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB during the 3rd quarter valued at approximately $44,000. Institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,045 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the sale, the director now directly owns 85,652 shares in the company, valued at approximately $20,785,170.84. The trade was a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total transaction of $205,260.75. Following the sale, the director now owns 19,333 shares of the company's stock, valued at approximately $3,377,281.77. This represents a 5.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,032 shares of company stock valued at $9,818,567. Insiders own 3.60% of the company's stock.

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MongoDB Stock Down 9.4 %

Shares of NASDAQ MDB traded down $16.85 during trading on Thursday, hitting $163.34. The company had a trading volume of 3,342,136 shares, compared to its average volume of 1,749,718. MongoDB, Inc. has a fifty-two week low of $160.47 and a fifty-two week high of $387.19. The stock has a fifty day simple moving average of $240.77 and a two-hundred day simple moving average of $263.72. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of -59.61 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share 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 quarter in the previous year, the business posted $0.86 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

MDB has been the topic of a number of analyst reports. Wedbush lowered their target price on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. JMP Securities restated a "market outperform" rating and issued a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Canaccord Genuity Group reduced their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company downgraded shares of MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Citigroup dropped their price target on MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $312.84.

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.