Senvest Management LLC Makes New $13.76 Million Investment in MongoDB, Inc. (NASDAQ:MDB)

Senvest Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 59,100 shares of the company's stock, valued at approximately $13,759,000. Senvest Management LLC owned about 0.08% of MongoDB at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% during 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 position in MongoDB during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after buying an additional 165 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the third quarter worth $44,000. Finally, Morse Asset Management Inc acquired a new position in shares of MongoDB in the 3rd quarter valued at $81,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MDB. Barclays dropped their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Macquarie lowered their price target on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Mizuho reduced their price objective on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research note on Tuesday. Wells Fargo & Company cut MongoDB from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Morgan Stanley dropped their target price on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $299.78.

Insider Activity

In related news, insider Cedric Pech sold 1,690 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,680 shares of company stock worth $11,084,027. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

Shares of MDB traded down $0.78 during midday trading on Friday, hitting $159.26. The company had a trading volume of 1,549,284 shares, compared to its average volume of 1,813,015. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The company's 50-day simple moving average is $208.15 and its 200-day simple moving average is $252.43. The firm has a market capitalization of $12.93 billion, a P/E ratio of -58.12 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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 business posted $0.86 earnings per share. Equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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.