Quantbot Technologies LP Invests $702,000 in MongoDB, Inc. (NASDAQ:MDB)

Quantbot Technologies LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,016 shares of the company's stock, valued at approximately $702,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price on the stock. Royal Bank of Canada cut their price objective on shares of MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities reissued a "buy" rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Oppenheimer decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $320.70.

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Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at $58,121,799.12. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 over the last ninety days. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Down 5.6 %

Shares of NASDAQ:MDB traded down $10.61 during trading on Friday, reaching $178.03. 2,906,042 shares of the company traded hands, compared to its average volume of 1,733,041. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The firm has a market cap of $14.45 billion, a P/E ratio of -64.97 and a beta of 1.30. The firm has a fifty day simple moving average of $245.56 and a 200 day simple moving average of $265.95.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $519.65 million. During the same quarter last year, the firm earned $0.86 EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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.