Marshall Wace LLP Invests $110.36 Million in MongoDB, Inc. (NASDAQ:MDB)

Marshall Wace LLP purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 474,019 shares of the company's stock, valued at approximately $110,356,000. Marshall Wace LLP owned about 0.64% of MongoDB as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Hilltop National Bank boosted its holdings 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 period. NCP Inc. bought a new position in MongoDB in the 4th quarter valued at about $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB during the 3rd quarter worth approximately $44,000. Versant Capital Management Inc increased its stake in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of MongoDB in the 3rd quarter valued at $81,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This trade represents a 2.02 % 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, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction that occurred on 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 owns 268,948 shares in the company, valued at $46,597,930.48. This represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,680 shares of company stock valued at $10,819,027. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Finally, Oppenheimer reduced their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Eight investment 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 stock. Based on data from MarketBeat, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $299.78.

MongoDB Price Performance

Shares of MDB stock traded up $0.40 during trading hours on Tuesday, reaching $152.07. The company had a trading volume of 780,505 shares, compared to its average volume of 1,812,937. The company has a 50 day moving average of $205.34 and a 200 day moving average of $251.62. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of -55.54 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last issued 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). The business had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 posted $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS 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.