First Trust Advisors LP Acquires 95,893 Shares of MongoDB, Inc. (NASDAQ:MDB)

First Trust Advisors LP raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 854,906 shares of the company's stock after buying an additional 95,893 shares during the quarter. First Trust Advisors LP owned approximately 1.15% of MongoDB worth $199,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB during the 4th quarter worth about $29,000. Hilltop National Bank boosted its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. purchased a new position in shares of MongoDB in the 4th quarter valued at $35,000. Versant Capital Management Inc raised its stake in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB in the third quarter valued at $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDB has been the subject of a number of research reports. Daiwa America upgraded MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Macquarie decreased their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Guggenheim raised MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Loop Capital lowered their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada decreased their price target on MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.28.

Insider Transactions at MongoDB

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 owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $60,840,147.06. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,680 shares of company stock worth $10,819,027. 3.60% of the stock is owned by company insiders.

MongoDB Stock Up 6.9 %

Shares of NASDAQ:MDB traded up $10.57 during midday trading on Wednesday, reaching $162.72. The company had a trading volume of 2,977,824 shares, compared to its average volume of 1,828,097. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The stock has a market cap of $13.21 billion, a PE ratio of -59.38 and a beta of 1.49. The business's 50 day moving average price is $202.52 and its 200 day moving average price is $250.93.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The company 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 company earned $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.