MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 93.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,193 shares of the company's stock after acquiring an additional 4,440 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in MongoDB were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. NCP Inc. purchased a new stake in MongoDB during the fourth quarter worth $35,000. Brooklyn Investment Group purchased a new stake in shares of MongoDB during the third quarter valued at about $36,000. Continuum Advisory LLC grew its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after buying an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Insider Activity

In other news, insider Cedric Pech sold 287 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was 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. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 2,581 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $604,186.29. Following the completion of the transaction, the chief executive officer now owns 217,294 shares of the company's stock, valued at $50,866,352.46. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,314 shares of company stock worth $13,337,753. Corporate insiders own 3.60% of the company's stock.

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MongoDB Price Performance

Shares of MDB stock traded down $63.39 on Thursday, hitting $200.74. The stock had a trading volume of 8,804,716 shares, compared to its average volume of 1,634,218. The company's 50 day moving average price is $263.70 and its 200-day moving average price is $275.28. MongoDB, Inc. has a 1 year low of $199.78 and a 1 year high of $424.00. The firm has a market capitalization of $14.95 billion, a P/E ratio of -73.26 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson lifted their price target on MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Mizuho increased their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Stifel Nicolaus reduced their price target on shares of MongoDB from $425.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank of Canada reduced their target price on MongoDB from $400.00 to $320.00 and set an "outperform" rating for the company in a report on Thursday. Finally, The Goldman Sachs Group lowered their price target on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.74.

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.