Virtu Financial LLC Buys 10,186 Shares of MongoDB, Inc. (NASDAQ:MDB)

Virtu Financial LLC boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 101.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,202 shares of the company's stock after acquiring an additional 10,186 shares during the quarter. Virtu Financial LLC's holdings in MongoDB were worth $4,703,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in MongoDB during the fourth quarter worth about $90,478,000. Amundi raised its stake in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after acquiring an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock worth $69,119,000 after acquiring an additional 294,228 shares in the last quarter. Avala Global LP bought a new stake in MongoDB during the 3rd quarter worth approximately $47,960,000. Finally, Eagle Asset Management Inc. acquired a new stake in MongoDB during the 3rd quarter valued at $44,380,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MDB shares. Needham & Company LLC decreased their target price on MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Canaccord Genuity Group reduced their price target on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Loop Capital lowered 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. Wedbush reduced their target price on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Mizuho increased their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $320.70.

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MongoDB Stock Performance

NASDAQ MDB traded down $5.00 during trading hours on Wednesday, reaching $193.66. 1,106,281 shares of the company's stock were exchanged, compared to its average volume of 1,701,730. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The company's 50-day moving average is $249.24 and its two-hundred day moving average is $268.17. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of -70.68 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 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 analyst estimates 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 previous year, the business earned $0.86 earnings per share. Research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is owned by insiders.

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.