Everence Capital Management Inc. Buys New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Everence Capital Management Inc. acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,680 shares of the company's stock, valued at approximately $624,000.

A number of other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC boosted its position in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after buying an additional 592,038 shares during the period. Geode Capital Management LLC lifted its stake in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock valued at $134,161,000 after acquiring an additional 7,526 shares during the period. Thrivent Financial for Lutherans grew its position in MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company's stock worth $106,084,000 after acquiring an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock worth $98,030,000 after purchasing an additional 66,730 shares during the period. Institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDB. Wedbush raised MongoDB to a "strong-buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Canaccord Genuity Group raised their price target on shares of MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. JMP Securities reaffirmed a "market outperform" rating and set a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Finally, Citigroup increased their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $366.14.

MongoDB Trading Up 0.7 %

MongoDB stock traded up $1.77 during mid-day trading on Friday, hitting $246.39. The company had a trading volume of 1,530,748 shares, compared to its average volume of 2,063,924. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market capitalization of $18.35 billion, a PE ratio of -89.92 and a beta of 1.17. The stock's 50 day moving average price is $284.50 and its two-hundred day moving average price is $268.59.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business's revenue was up 22.3% on a year-over-year basis. Equities research analysts anticipate that MongoDB, Inc. will post -1.86 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company's stock, valued at $23,313,925.17. This represents a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,879 shares of company stock worth $6,985,212. Corporate insiders own 3.60% of the company's stock.

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.