327,000 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by D1 Capital Partners L.P.

D1 Capital Partners L.P. acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 327,000 shares of the company's stock, valued at approximately $76,129,000. D1 Capital Partners L.P. owned approximately 0.44% of MongoDB as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB during the fourth quarter valued at $29,000. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% during 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 last quarter. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB in the third quarter valued at approximately $44,000. Finally, Versant Capital Management Inc lifted its stake in shares of MongoDB by 1,100.0% during the fourth 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 and hedge funds.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of the company'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 completion of the transaction, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,680 shares of company stock valued at $10,819,027. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their price target on MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Mizuho reduced their target price on MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. KeyCorp cut MongoDB from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Cantor Fitzgerald initiated coverage on shares of MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $294.78.

MongoDB Trading Up 0.6 %

NASDAQ MDB traded up $1.01 during trading hours on Monday, reaching $174.51. 1,835,209 shares of the company traded hands, compared to its average volume of 1,841,368. The company has a 50 day moving average of $195.15 and a two-hundred day moving average of $248.65. The stock has a market capitalization of $14.17 billion, a PE ratio of -63.69 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19.

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

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.