Andra AP fonden Invests $2.61 Million in MongoDB, Inc. (NASDAQ:MDB)

Andra AP fonden acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,200 shares of the company's stock, valued at approximately $2,607,000.

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

Analyst Ratings Changes

MDB has been the subject of several research reports. China Renaissance initiated coverage on MongoDB in a research note on Tuesday, January 21st. They issued a "buy" rating and a $351.00 target price for the company. Scotiabank restated a "sector perform" rating and issued a $240.00 target price (down from $275.00) on shares of MongoDB in a research note on Wednesday. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Royal Bank of Canada cut their price target on MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, KeyCorp downgraded MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $319.87.

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Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now owns 1,109,006 shares of the company's stock, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,314 shares of company stock valued at $12,981,833 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

Shares of MDB stock opened at $187.65 on Monday. The company's fifty day simple moving average is $261.68 and its two-hundred day simple moving average is $274.47. MongoDB, Inc. has a 1 year low of $181.05 and a 1 year high of $387.19. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of -68.49 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current 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.

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