Parametrica Management Ltd Buys Shares of 1,568 MongoDB, Inc. (NASDAQ:MDB)

Parametrica Management Ltd purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,568 shares of the company's stock, valued at approximately $365,000. MongoDB accounts for about 0.5% of Parametrica Management Ltd's portfolio, making the stock its 27th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Pier Capital LLC increased its position in shares of MongoDB by 8.7% in the fourth quarter. Pier Capital LLC now owns 2,962 shares of the company's stock valued at $690,000 after buying an additional 236 shares in the last quarter. Vanguard Group Inc. grew its stake in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Stevens Capital Management LP purchased a new position in MongoDB during the 4th quarter valued at about $222,000. Fox Run Management L.L.C. raised its position in MongoDB by 21.4% during the fourth quarter. Fox Run Management L.L.C. now owns 6,757 shares of the company's stock worth $1,573,000 after acquiring an additional 1,189 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of MongoDB in the fourth quarter valued at about $5,611,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Down 5.6 %

Shares of NASDAQ MDB traded down $10.61 on Friday, hitting $178.03. The company had a trading volume of 2,906,042 shares, compared to its average volume of 1,733,041. The firm has a market capitalization of $14.45 billion, a P/E ratio of -64.97 and a beta of 1.30. MongoDB, Inc. has a 12-month low of $173.13 and a 12-month high of $387.19. The business has a 50 day moving average of $245.56 and a two-hundred day moving average of $266.17.

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MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the business earned $0.86 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MDB shares. Robert W. Baird cut their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Wedbush dropped their price objective on MongoDB from $360.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Citigroup restated a "buy" rating on shares of MongoDB in a report on Thursday, March 6th. Finally, Truist Financial lowered their price target on shares of MongoDB from $400.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $320.70.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 169 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares of the company's stock, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares of the company's stock, valued at $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 in the last quarter. 3.60% of the stock is owned by corporate 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.