5,801 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Darwin Wealth Management LLC

Darwin Wealth Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,801 shares of the company’s stock, valued at approximately $2,372,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in shares of MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of MongoDB during the third quarter worth $37,482,000. Federated Hermes Inc. grew its holdings in shares of MongoDB by 314.8% during the third quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock worth $46,587,000 after purchasing an additional 102,225 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of MongoDB by 31,796.1% during the fourth quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after acquiring an additional 89,665 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in MongoDB in the third quarter valued at about $30,877,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Truist Financial boosted their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $465.00 price objective on shares of MongoDB in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $2.42 during trading on Friday, hitting $357.11. 121,738 shares of the company were exchanged, compared to its average volume of 1,333,961. The business’s 50 day moving average is $364.30 and its 200-day moving average is $390.88. The company has a market capitalization of $26.01 billion, a P/E ratio of -143.02 and a beta of 1.19. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 1-year low of $259.53 and a 1-year high of $509.62.

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

Insiders Place Their Bets

In related 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 value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the sale, the director now owns 523,896 shares in the company, valued at approximately $190,179,486.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,802 shares of company stock worth $16,514,071. 4.80% of the stock is currently owned by company insiders.

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.