AXQ Capital LP Takes Position in MongoDB, Inc. (NASDAQ:MDB)

AXQ Capital LP purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,116 shares of the company's stock, valued at approximately $493,000.

Several other institutional investors have also recently made changes to their positions in the business. Hilltop National Bank raised its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in shares of MongoDB in the fourth quarter worth about $35,000. Brooklyn Investment Group purchased a new position in shares of MongoDB during the 3rd quarter valued at about $36,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its holdings 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 acquiring an additional 165 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Macquarie lowered their price target on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Rosenblatt Securities restated a "buy" rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Wells Fargo & Company cut MongoDB from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Piper Sandler dropped their price objective on MongoDB from $425.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $320.70.

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Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

MDB stock traded down $5.02 during midday trading on Thursday, reaching $188.64. 1,318,776 shares of the company traded hands, compared to its average volume of 1,703,020. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of -68.85 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19. The business has a 50 day moving average of $248.25 and a 200-day moving average of $267.64.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for 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 company posted $0.86 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

About MongoDB

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.