UNICOM Systems Inc. Invests $4.89 Million in MongoDB, Inc. (NASDAQ:MDB)

UNICOM Systems Inc. acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,000 shares of the company's stock, valued at approximately $4,889,000. MongoDB makes up 1.2% of UNICOM Systems Inc.'s portfolio, making the stock its 14th largest holding.

Several other large investors also recently made changes to their positions in MDB. Hilltop National Bank lifted its position in MongoDB by 47.2% during the 4th 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. Brooklyn Investment Group acquired a new position in shares of MongoDB during the third quarter worth $36,000. Continuum Advisory LLC boosted its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after purchasing an additional 118 shares during the period. GAMMA Investing LLC increased its stake in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after buying an additional 93 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in MongoDB during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Down 1.1 %

MongoDB stock traded down $3.29 during mid-day trading on Friday, hitting $289.68. 829,689 shares of the company's stock traded hands, compared to its average volume of 1,514,003. MongoDB, Inc. has a one year low of $212.74 and a one year high of $488.00. The company has a market cap of $21.57 billion, a PE ratio of -105.72 and a beta of 1.28. The firm has a 50 day moving average price of $264.56 and a 200 day moving average price of $271.42.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays lowered their target price on MongoDB from $400.00 to $330.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Needham & Company LLC raised their price objective on MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Morgan Stanley upped their target price on MongoDB from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. KeyCorp raised their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Finally, Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $361.00.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the sale, the director now directly owns 1,124,006 shares of the company's stock, valued at approximately $392,469,175.02. This represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of MongoDB 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 $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,094 shares of company stock valued at $11,705,293 over the last quarter. Corporate insiders own 3.60% of the company's stock.

MongoDB 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.