MYDA Advisors LLC Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

MYDA Advisors LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 128.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,600 shares of the company's stock after acquiring an additional 20,600 shares during the period. MongoDB accounts for approximately 2.1% of MYDA Advisors LLC's portfolio, making the stock its 14th largest holding. MYDA Advisors LLC's holdings in MongoDB were worth $8,521,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Hilltop National Bank boosted its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC boosted its position in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after acquiring an additional 42 shares during the period. Aigen Investment Management LP grew its stake in MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after acquiring an additional 55 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after acquiring an additional 66 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

MongoDB stock traded up $10.57 during mid-day trading on Wednesday, reaching $162.72. 2,977,824 shares of the company traded hands, compared to its average volume of 1,828,427. The firm's 50 day moving average price is $202.52 and its 200 day moving average price is $250.93. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $387.19. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of -59.38 and a beta of 1.49.

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 the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to analysts' expectations of $519.65 million. During the same quarter last year, the business earned $0.86 earnings per share. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Daiwa America raised MongoDB to a "strong-buy" rating in a report on Tuesday, April 1st. Wells Fargo & Company lowered shares of MongoDB from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Piper Sandler lowered their price objective on shares of MongoDB from $280.00 to $200.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Truist Financial cut their target price on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $297.28.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 301 shares of MongoDB 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 completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares in the company, valued at $46,597,930.48. The trade was a 6.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,680 shares of company stock valued at $10,819,027. 3.60% of the stock is currently owned by company insiders.

MongoDB 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.