Stephens Investment Management Group LLC Has $9.59 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Stephens Investment Management Group LLC raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 34.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,183 shares of the company's stock after buying an additional 10,519 shares during the quarter. Stephens Investment Management Group LLC owned about 0.06% of MongoDB worth $9,588,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Hilltop National Bank lifted its holdings 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 purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB during the 3rd quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Continuum Advisory LLC lifted 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 purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Up 0.2 %

Shares of MDB stock traded up $0.51 during trading on Thursday, reaching $292.97. 1,493,274 shares of the company's stock were exchanged, compared to its average volume of 1,538,012. The stock has a market capitalization of $21.82 billion, a PE ratio of -106.92 and a beta of 1.28. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $488.00. The firm's fifty day moving average price is $264.56 and its 200-day moving average price is $271.42.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm's revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,413 shares of company stock valued at $12,082,421. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDB. The Goldman Sachs Group lifted their price objective on MongoDB from $340.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays cut their price objective on MongoDB from $400.00 to $330.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Royal Bank of Canada lifted their price objective on MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Tigress Financial boosted their target price on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Scotiabank cut their target price on MongoDB from $350.00 to $275.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $361.00.

About MongoDB

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.