Amitell Capital Pte Ltd Purchases 5,000 Shares of MongoDB, Inc. (NASDAQ:MDB)

Amitell Capital Pte Ltd lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,625 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. MongoDB accounts for 3.5% of Amitell Capital Pte Ltd's investment portfolio, making the stock its 11th largest holding. Amitell Capital Pte Ltd's holdings in MongoDB were worth $4,336,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its holdings in shares of MongoDB by 19.0% in the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company's stock valued at $391,000 after purchasing an additional 231 shares in the last quarter. HighTower Advisors LLC lifted its stake in MongoDB by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 18,401 shares of the company's stock valued at $4,986,000 after acquiring an additional 1,065 shares in the last quarter. Morse Asset Management Inc purchased a new position in MongoDB during the 3rd quarter worth $81,000. Royal London Asset Management Ltd. grew its stake in shares of MongoDB by 4.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 27,830 shares of the company's stock worth $7,524,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of MongoDB in the third quarter valued at about $217,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

MDB traded up $1.14 on Friday, reaching $162.24. The company had a trading volume of 1,677,145 shares, compared to its average volume of 1,799,806. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $387.19. The company has a market cap of $13.17 billion, a price-to-earnings ratio of -59.21 and a beta of 1.49. The business has a 50 day simple moving average of $220.46 and a 200 day simple moving average of $256.10.

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

Insiders Place Their Bets

In related news, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the sale, the director now owns 85,652 shares of the company's stock, valued at approximately $20,785,170.84. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock valued at $13,461,875 over the last 90 days. Insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Loop Capital reduced their price objective on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group reduced their target price on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Morgan Stanley decreased their target price on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Finally, UBS Group set a $350.00 target price on MongoDB in a research note on Tuesday, March 4th. Seven research 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 company's stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $310.74.

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.