MongoDB, Inc. (NASDAQ:MDB) Stake Increased by Sycomore Asset Management

Sycomore Asset Management boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,780 shares of the company's stock after acquiring an additional 7,607 shares during the quarter. MongoDB accounts for approximately 1.2% of Sycomore Asset Management's portfolio, making the stock its 29th largest holding. Sycomore Asset Management owned about 0.06% of MongoDB worth $9,727,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank grew its stake 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 buying an additional 42 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB during the third quarter valued at about $36,000. GAMMA Investing LLC grew its stake in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after buying an additional 93 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after buying an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of MongoDB by 1,100.0% during 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.

MongoDB Stock Up 0.2 %

NASDAQ:MDB traded up $0.51 on Thursday, hitting $292.97. The stock had a trading volume of 1,493,274 shares, compared to its average volume of 1,538,012. The stock has a market cap of $21.82 billion, a price-to-earnings ratio of -106.92 and a beta of 1.28. The company has a fifty day moving average price of $264.56 and a two-hundred day moving average price of $271.42. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $488.00.

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

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the sale, the director now owns 1,112,006 shares of the company's stock, valued at $313,163,129.72. This trade represents a 0.09 % decrease in their position. 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. Insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Loop Capital raised their price objective on MongoDB from $315.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Citigroup raised their target price on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Oppenheimer raised their target price on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Cantor Fitzgerald began coverage on MongoDB in a research note on Friday, January 17th. They issued an "overweight" rating and a $344.00 target price on the stock. Finally, Tigress Financial raised their target price on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $361.00.

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.