Vaughan Nelson Investment Management L.P. Invests $15.52 Million in MongoDB, Inc. (NASDAQ:MDB)

Vaughan Nelson Investment Management L.P. bought a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,675 shares of the company's stock, valued at approximately $15,522,000. Vaughan Nelson Investment Management L.P. owned 0.09% of MongoDB as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank grew its stake 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 buying an additional 42 shares during the period. Brooklyn Investment Group purchased a new stake in MongoDB during the 3rd quarter worth $36,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 93 shares during the period. Continuum Advisory LLC boosted its position in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its position in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after purchasing an additional 165 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. Rosenblatt Securities initiated coverage on shares of MongoDB in a report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Barclays cut their target price on shares of MongoDB from $400.00 to $330.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. DA Davidson upped their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $361.00.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 2,581 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $50,866,352.46. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,413 shares of company stock worth $12,082,421. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Up 0.2 %

MDB traded up $0.51 during trading 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 firm has a market cap of $21.82 billion, a PE ratio of -106.92 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $488.00. The company has a 50 day simple moving average of $264.56 and a 200-day simple moving average of $271.42.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million for 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 business's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. As a group, sell-side analysts anticipate 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.