55,620 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 55,620 shares of the company's stock, valued at approximately $12,949,000. Cinctive Capital Management LP owned 0.07% of MongoDB as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in MongoDB in the fourth quarter valued at approximately $189,584,000. Raymond James Financial Inc. bought a new stake in MongoDB during the 4th quarter valued at $90,478,000. Amundi raised its holdings in MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company's stock worth $172,519,000 after buying an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock worth $69,119,000 after buying an additional 294,228 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after buying an additional 181,962 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Down 5.8 %

Shares of MDB stock traded down $8.90 on Monday, reaching $145.49. The company's stock had a trading volume of 2,608,347 shares, compared to its average volume of 1,760,986. The company has a market capitalization of $11.81 billion, a P/E ratio of -53.22 and a beta of 1.49. MongoDB, Inc. has a 12-month low of $140.96 and a 12-month high of $387.19. The stock's 50 day simple moving average is $236.68 and its 200-day simple moving average is $261.78.

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MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly 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). The business had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.86 EPS. Research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Dev Ittycheria sold 18,512 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the transaction, the chief executive officer now directly owns 268,948 shares in the company, valued at approximately $46,597,930.48. This represents a 6.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 885 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock valued at $13,461,875 in the last quarter. Corporate insiders own 3.60% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. DA Davidson raised their price target 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. Bank of America dropped their target price on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada lowered their target price on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. KeyCorp lowered shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus price target 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.