Sanders Morris Harris LLC Takes $2.79 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Sanders Morris Harris LLC purchased a new stake in 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 firm purchased 12,000 shares of the company's stock, valued at approximately $2,794,000.

A number of other large investors have also recently modified their holdings of MDB. Hilltop National Bank grew its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Quarry LP lifted its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter worth about $36,000. GAMMA Investing LLC increased its position in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of 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. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

NASDAQ:MDB traded up $5.05 during mid-day trading on Thursday, hitting $247.96. 1,164,447 shares of the company's stock were exchanged, compared to its average volume of 1,503,400. The company has a market cap of $18.47 billion, a PE ratio of -90.50 and a beta of 1.25. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The business has a fifty day moving average price of $278.98 and a 200 day moving average price of $269.17.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. During the same period in the previous year, the firm posted $0.96 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, equities analysts forecast that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Insider Activity

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $269.57, for a total transaction of $808,710.00. Following the sale, the director now owns 1,127,006 shares in the company, valued at $303,807,007.42. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 169 shares of the business'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 $39,561.21. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,821 shares of company stock worth $6,831,215 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MDB. Morgan Stanley lifted their price objective on MongoDB from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, December 10th. DA Davidson lifted their price target on MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Rosenblatt Securities started coverage on MongoDB in a research note on Tuesday, December 17th. They set a "buy" rating and a $350.00 price objective for the company. Piper Sandler restated an "overweight" rating and issued a $425.00 target price on shares of MongoDB in a report on Tuesday, December 10th. Finally, KeyCorp upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $364.64.

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.