Machina Capital S.A.S. Takes $763,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Machina Capital S.A.S. bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,277 shares of the company's stock, valued at approximately $763,000.

Several other institutional investors have also modified their holdings of the stock. B.O.S.S. Retirement Advisors LLC acquired a new position in MongoDB in the 4th quarter valued at about $606,000. Aigen Investment Management LP acquired a new position in MongoDB in the 3rd quarter valued at about $1,045,000. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of MongoDB in the 3rd quarter valued at approximately $4,366,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock valued at $75,271,000 after acquiring an additional 7,575 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MDB shares. China Renaissance started coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Monday, December 16th. DA Davidson boosted their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $319.87.

Remove Ads

MongoDB Price Performance

Shares of MongoDB stock traded down $5.33 during trading hours on Friday, hitting $187.65. The company had a trading volume of 5,777,748 shares, compared to its average volume of 1,644,879. The company's 50-day moving average is $261.68 and its two-hundred day moving average is $274.38. MongoDB, Inc. has a twelve month low of $181.05 and a twelve month high of $387.19. The company has a market cap of $13.97 billion, a P/E ratio of -68.49 and a beta of 1.30.

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

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total transaction of $313,713.25. Following the completion of the transaction, the director now owns 17,570 shares in the company, valued at approximately $4,691,014.30. This represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,314 shares of company stock worth $13,337,753 in the last 90 days. Company insiders own 3.60% of the company's stock.

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.