1,265 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,265 shares of the company's stock, valued at approximately $295,000.

A number of other hedge funds have also bought and sold shares of MDB. Nisa Investment Advisors LLC lifted its holdings in MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock valued at $295,000 after buying an additional 40 shares in the last quarter. Hilltop National Bank increased its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the period. Tanager Wealth Management LLP raised its stake in shares of MongoDB by 4.7% during the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock valued at $259,000 after acquiring an additional 43 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock valued at $90,000 after purchasing an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company's stock worth $322,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 2.2 %

Shares of MDB stock traded up $6.06 during trading hours on Wednesday, hitting $282.03. 1,508,549 shares of the company's stock were exchanged, compared to its average volume of 1,605,520. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a market cap of $21.00 billion, a P/E ratio of -102.93 and a beta of 1.28. The firm has a 50 day moving average of $269.75 and a two-hundred day moving average of $270.24.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. During the same period in the prior year, the business posted $0.96 earnings per share. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KeyCorp upped their target price on MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Barclays lowered their price objective on shares of MongoDB from $400.00 to $330.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research report on Monday, January 6th. Needham & Company LLC upped their price target on shares of MongoDB from $335.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Two equities 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 given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus price target of $361.00.

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,491 shares of company stock valued at $10,745,480 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

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.