Point72 Asset Management L.P. Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Point72 Asset Management L.P. bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 208,556 shares of the company's stock, valued at approximately $52,131,000. Point72 Asset Management L.P. owned approximately 0.28% of MongoDB at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDB. Vanguard Group Inc. increased its stake in shares of MongoDB by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company's stock valued at $2,797,521,000 after buying an additional 194,148 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its stake in shares of MongoDB by 24.7% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company's stock valued at $22,205,000 after buying an additional 10,753 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of MongoDB in the fourth quarter valued at $10,545,000. Prudential PLC increased its stake in shares of MongoDB by 2.4% in the fourth quarter. Prudential PLC now owns 21,169 shares of the company's stock valued at $8,655,000 after buying an additional 489 shares in the last quarter. Finally, Bornite Capital Management LP acquired a new stake in shares of MongoDB in the fourth quarter valued at $6,133,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $5.61 during midday trading on Thursday, hitting $272.65. 908,846 shares of the company's stock were exchanged, compared to its average volume of 1,472,945. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company's 50 day moving average price is $260.34 and its 200 day moving average price is $295.36. The firm has a market capitalization of $20.14 billion, a PE ratio of -99.02 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.63) EPS. As a group, analysts predict that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the sale, the chief financial officer now directly owns 81,942 shares in the company, valued at $20,668,230.66. The disclosure for this sale can be found here. In the last three months, insiders sold 21,005 shares of company stock worth $5,557,746. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Tigress Financial decreased their price target on MongoDB from $500.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, July 11th. Scotiabank raised their price target on MongoDB from $250.00 to $295.00 and gave the company a "sector perform" rating in a report on Friday, August 30th. Sanford C. Bernstein raised their price target on MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Morgan Stanley raised their price target on MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Finally, Piper Sandler raised their price target on MongoDB from $300.00 to $335.00 and gave the company an "overweight" rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty 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 $337.56.

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.