MN Wealth Advisors LLC Boosts Stake in MongoDB, Inc. (NASDAQ:MDB)

MN Wealth Advisors LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 59.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,113 shares of the company's stock after purchasing an additional 1,537 shares during the period. MN Wealth Advisors LLC's holdings in MongoDB were worth $958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its stake in MongoDB by 41.4% in the fourth quarter. Principal Securities Inc. now owns 731 shares of the company's stock valued at $170,000 after acquiring an additional 214 shares during the last quarter. Peregrine Investment Management Inc. bought a new stake in shares of MongoDB in the 4th quarter worth approximately $3,767,000. Manchester Capital Management LLC raised its holdings in shares of MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after purchasing an additional 140 shares during the period. Empire Life Investments Inc. grew its holdings in MongoDB by 12.5% during the fourth quarter. Empire Life Investments Inc. now owns 29,535 shares of the company's stock valued at $6,876,000 after purchasing an additional 3,277 shares during the period. Finally, Rhumbline Advisers grew its holdings in MongoDB by 0.5% during the fourth quarter. Rhumbline Advisers now owns 97,138 shares of the company's stock valued at $22,615,000 after purchasing an additional 467 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Stock Performance

Shares of MDB stock traded down $3.52 on Wednesday, hitting $295.00. 1,056,658 shares of the company's stock traded hands, compared to its average volume of 1,502,277. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of -107.66 and a beta of 1.28. The company's fifty day simple moving average is $261.56 and its 200 day simple moving average is $273.13. MongoDB, Inc. has a one year low of $212.74 and a one year high of $459.78.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data 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. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. During the same period last year, the firm earned $0.96 earnings per share. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $349.17, for a total value of $698,340.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 287 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,094 shares of company stock valued at $11,705,293 over the last three months. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on MDB. Needham & Company LLC boosted their target price on MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. DA Davidson increased their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Oppenheimer lifted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, JMP Securities restated a "market outperform" rating and set a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $361.00.

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.