UNICOM Systems Inc. Purchases New Position in MongoDB, Inc. (NASDAQ:MDB)

UNICOM Systems Inc. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,000 shares of the company’s stock, valued at approximately $4,889,000. MongoDB comprises approximately 1.2% of UNICOM Systems Inc.’s portfolio, making the stock its 14th biggest holding.

Other hedge funds have also bought and sold shares of the company. Jennison Associates LLC increased its holdings in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after buying an additional 294,228 shares in the last quarter. Avala Global LP purchased a new stake in shares of MongoDB during the 3rd quarter valued at about $47,960,000. Eagle Asset Management Inc. purchased a new stake in MongoDB during the third quarter valued at approximately $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in MongoDB during the 3rd quarter valued at $25,636,000. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,319 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $285.92, for a total value of $377,128.48. Following the transaction, the director now owns 87,744 shares of the company’s stock, valued at $25,087,764.48. This represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,491 shares of company stock valued at $11,543,480 in the last three months. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Up 3.1 %

Shares of MDB opened at $286.36 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm’s fifty day moving average is $267.08 and its two-hundred day moving average is $270.83.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The company 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%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MDB shares. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Rosenblatt Securities assumed coverage on MongoDB in a research report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price objective on the stock. Barclays decreased their target price on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Monness Crespi & Hardt lowered MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a report on Monday, December 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $425.00 price target on shares of MongoDB in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

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.