Headlands Technologies LLC Invests $2.28 Million in MongoDB, Inc. (NASDAQ:MDB)

Headlands Technologies LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,785 shares of the company's stock, valued at approximately $2,278,000.

Other institutional investors have also modified their holdings of the company. B.O.S.S. Retirement Advisors LLC purchased a new stake in MongoDB during the fourth quarter worth $606,000. Geode Capital Management LLC raised its stake in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after buying an additional 34,814 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of MongoDB in the 4th quarter worth about $3,515,000. Nisa Investment Advisors LLC grew its stake in MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after acquiring an additional 4,665 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Activity

In other news, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares in the company, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock worth $13,461,875 over the last 90 days. Company insiders own 3.60% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $8.95 during midday trading on Friday, hitting $154.39. 3,888,420 shares of the company's stock traded hands, compared to its average volume of 1,757,250. MongoDB, Inc. has a twelve month low of $151.52 and a twelve month high of $387.19. The company has a market cap of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49. The firm's fifty day moving average price is $236.68 and its two-hundred day moving average price is $261.91.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MDB. Rosenblatt Securities reiterated a "buy" rating and issued a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Robert W. Baird dropped their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Scotiabank restated a "sector perform" rating and issued a $240.00 price objective (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Barclays dropped their price objective on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Finally, Wells Fargo & Company lowered shares of MongoDB from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $312.84.

MongoDB Company 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.