4,640 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Maytree Asset Management Ltd

Maytree Asset Management Ltd purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,640 shares of the company's stock, valued at approximately $1,080,000. MongoDB accounts for 2.4% of Maytree Asset Management Ltd's investment portfolio, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC raised its position in MongoDB by 21.1% in the fourth quarter. Private Advisor Group LLC now owns 9,256 shares of the company's stock valued at $2,155,000 after purchasing an additional 1,613 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of MongoDB in the 4th quarter valued at $5,895,000. Global Retirement Partners LLC lifted its stake in MongoDB by 1,591.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,945 shares of the company's stock worth $453,000 after acquiring an additional 1,830 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in MongoDB during the 4th quarter valued at about $285,000. Finally, Venturi Wealth Management LLC grew its position in MongoDB by 20.6% in the 4th quarter. Venturi Wealth Management LLC now owns 755 shares of the company's stock valued at $176,000 after acquiring an additional 129 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

NASDAQ MDB traded down $16.74 during mid-day trading on Friday, hitting $273.26. The company's stock had a trading volume of 1,580,897 shares, compared to its average volume of 1,505,249. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.70. The stock's fifty day simple moving average is $261.59 and its two-hundred day simple moving average is $273.25. The firm has a market capitalization of $20.35 billion, a P/E ratio of -99.73 and a beta of 1.28.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of MongoDB in a research report on Friday, January 17th. They set an "overweight" rating and a $344.00 price target on the stock. Robert W. Baird raised their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Mizuho upped their price objective on MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on MongoDB from $325.00 to $360.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Tigress Financial boosted their target price on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $361.00.

Insider Activity

In other news, CAO Thomas Bull sold 169 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the completion of the sale, the director now owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,979 shares of company stock worth $11,963,757 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

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.