Headlands Technologies LLC Takes Position in MongoDB, Inc. (NASDAQ:MDB)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hilltop National Bank raised 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 last quarter. NCP Inc. bought a new position in shares of MongoDB during the fourth quarter valued at about $35,000. Continuum Advisory LLC boosted its holdings in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Versant Capital Management Inc increased its stake in MongoDB by 1,100.0% in the 4th 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 last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB in the 3rd quarter worth approximately $44,000. Institutional investors own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several research analyst reports. Truist Financial cut their price objective on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday. Daiwa Capital Markets assumed coverage on shares of MongoDB in a report on Tuesday. They set an "outperform" rating and a $202.00 price objective for the company. UBS Group set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Citigroup decreased their price target on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Piper Sandler dropped their price objective on MongoDB from $425.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Seven 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $312.84.

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Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,175 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the sale, the director now directly owns 19,333 shares of the company's stock, valued at $3,377,281.77. This trade represents a 5.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 83,845 shares of the company's stock, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,032 shares of company stock valued at $9,818,567. 3.60% of the stock is owned by insiders.

MongoDB Stock Down 5.5 %

Shares of MDB stock traded down $8.95 during trading hours on Friday, hitting $154.39. 3,876,652 shares of the company's stock traded hands, compared to its average volume of 1,758,197. The stock's fifty day simple moving average is $238.83 and its two-hundred day simple moving average is $263.02. MongoDB, Inc. has a 12-month low of $151.67 and a 12-month high of $387.19. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.