Aljian Capital Management LLC Makes New $595,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Aljian Capital Management LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,556 shares of the company’s stock, valued at approximately $595,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Avestar Capital LLC boosted its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares during the period. Stanley Laman Group Ltd. acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $7,520,000. Van ECK Associates Corp bought a new stake in shares of MongoDB in the fourth quarter valued at approximately $211,000. Allspring Global Investments Holdings LLC grew its position in MongoDB by 9.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 191,115 shares of the company’s stock worth $46,691,000 after buying an additional 15,825 shares in the last quarter. Finally, UNICOM Systems Inc. bought a new position in MongoDB during the 4th quarter worth $4,889,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

MongoDB stock opened at $292.46 on Thursday. The firm has a 50 day moving average price of $265.54 and a two-hundred day moving average price of $271.27. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $488.00.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. Equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $281.62, for a total transaction of $281,620.00. Following the transaction, the director now owns 1,112,006 shares in the company, valued at approximately $313,163,129.72. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,413 shares of company stock worth $12,082,421. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. KeyCorp upped their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company increased their price target on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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.