Nebula Research & Development LLC Purchases New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Nebula Research & Development LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,442 shares of the company's stock, valued at approximately $1,267,000.

A number of other hedge funds have also recently bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the fourth quarter valued at about $606,000. Union Bancaire Privee UBP SA bought a new position in shares of MongoDB in the 4th quarter valued at about $3,515,000. HighTower Advisors LLC grew its position in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after buying an additional 372 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of MongoDB by 428.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after buying an additional 4,665 shares during the last quarter. Finally, Covea Finance acquired a new position in MongoDB in the fourth quarter valued at approximately $3,841,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent research reports. Canaccord Genuity Group dropped their target price on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Oppenheimer dropped their price objective on MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Loop Capital reduced their target price on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Robert W. Baird lowered their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Macquarie reduced their price objective on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $294.78.

MongoDB Stock Up 0.2 %

Shares of NASDAQ MDB opened at $173.50 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $387.19. The company has a market cap of $14.09 billion, a PE ratio of -63.32 and a beta of 1.49. The business's 50 day moving average price is $195.15 and its two-hundred day moving average price is $248.95.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business earned $0.86 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling 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 18,512 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares of the company's stock, valued at approximately $46,597,930.48. The trade was a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,680 shares of company stock valued at $10,819,027 in the last three months. 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.

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