Valliance Asset Management Ltd Makes New $491,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Valliance Asset Management Ltd purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,200 shares of the company’s stock, valued at approximately $491,000. MongoDB accounts for about 17.5% of Valliance Asset Management Ltd’s investment portfolio, making the stock its 3rd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of MDB. AM Squared Ltd grew its stake in MongoDB by 600.0% during the fourth quarter. AM Squared Ltd now owns 700 shares of the company’s stock valued at $286,000 after acquiring an additional 600 shares in the last quarter. Rakuten Securities Inc. purchased a new position in MongoDB during the fourth quarter valued at approximately $5,287,000. Prosperity Wealth Management Inc. purchased a new position in MongoDB during the fourth quarter valued at approximately $206,000. Strategic Vision Investment Ltd purchased a new position in MongoDB during the fourth quarter valued at approximately $3,802,000. Finally, Cookson Peirce & Co. Inc. grew its stake in MongoDB by 470.5% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 6,315 shares of the company’s stock valued at $2,582,000 after acquiring an additional 5,208 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MDB shares. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Citigroup upped their price target on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Tigress Financial upped their price target on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Guggenheim upped their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Finally, KeyCorp upped their price objective on shares of MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $448.74.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $2.32 during trading on Wednesday, reaching $347.48. 490,848 shares of the company traded hands, compared to its average volume of 1,378,127. The firm has a 50 day simple moving average of $399.36 and a 200-day simple moving average of $390.78. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $25.31 billion, a PE ratio of -140.67 and a beta of 1.19. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. Equities research analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total transaction of $404,200.00. Following the sale, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The disclosure for this sale can be found here. Insiders have sold 92,802 shares of company stock worth $36,356,911 in the last quarter. Company insiders own 4.80% of the company’s stock.

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.