Proficio Capital Partners LLC Makes New $10.14 Million Investment in MongoDB, Inc. (NASDAQ:MDB)

Proficio Capital Partners LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 43,535 shares of the company's stock, valued at approximately $10,135,000. Proficio Capital Partners LLC owned approximately 0.06% of MongoDB as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

MDB has been the subject of several research analyst reports. Scotiabank reaffirmed a "sector perform" rating and issued a $240.00 price objective (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Barclays cut their price objective on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Canaccord Genuity Group decreased their target price on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Stifel Nicolaus cut their price target on shares of MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $319.87.

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MongoDB Stock Performance

Shares of MDB stock traded up $1.35 on Wednesday, hitting $190.03. 1,298,075 shares of the stock traded hands, compared to its average volume of 2,122,477. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The stock has a market capitalization of $14.15 billion, a PE ratio of -69.35 and a beta of 1.30. The firm's 50-day moving average price is $254.38 and its two-hundred day moving average price is $271.46.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm 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 quarter in the previous year, the firm earned $0.86 earnings per share. On average, equities 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, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % 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 over the last quarter. 3.60% of the stock is currently owned by company insiders.

MongoDB Company 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.