Uniting Wealth Partners LLC Invests $698,000 in MongoDB, Inc. (NASDAQ:MDB)

Uniting Wealth Partners LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the company's stock, valued at approximately $698,000.

A number of other large investors have also recently bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC bought a new stake in MongoDB during the 4th quarter worth about $606,000. Geode Capital Management LLC lifted its stake in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after buying an additional 34,814 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of MongoDB during the 4th quarter worth about $3,515,000. Nisa Investment Advisors LLC increased its stake in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after acquiring an additional 4,665 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after acquiring an additional 372 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of MongoDB stock traded up $4.19 on Tuesday, reaching $151.57. 1,218,581 shares of the company traded hands, compared to its average volume of 1,767,800. The firm has a market capitalization of $12.31 billion, a PE ratio of -55.42 and a beta of 1.49. The company has a 50 day moving average of $234.34 and a 200 day moving average of $260.82. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $387.19.

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MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 1,045 shares of MongoDB stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $242.67, for a total value of $253,590.15. Following the transaction, the director now owns 85,652 shares in the company, valued at approximately $20,785,170.84. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,060 shares of company stock worth $13,461,875. Corporate insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on MDB shares. Monness Crespi & Hardt upgraded MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Piper Sandler lowered their target price on MongoDB from $425.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Wedbush dropped their target price on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Stifel Nicolaus lowered their price objective on shares of MongoDB from $425.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Bank of America cut their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Seven 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $312.84.

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.