Manchester Capital Management LLC Raises Holdings in MongoDB, Inc. (NASDAQ:MDB)

Manchester Capital Management LLC boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 57.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384 shares of the company’s stock after purchasing an additional 140 shares during the quarter. Manchester Capital Management LLC’s holdings in MongoDB were worth $89,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC increased its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB opened at $289.63 on Friday. The business has a 50 day simple moving average of $262.66 and a 200-day simple moving average of $272.02. The stock has a market capitalization of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $488.00.

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

Analyst Ratings Changes

A number of research analysts have recently commented on MDB shares. Needham & Company LLC increased their price objective on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on MongoDB in a research report on Friday, January 17th. They issued an “overweight” rating and a $344.00 target price for the company. Morgan Stanley upped their target price on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Wells Fargo & Company upped their target price on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their target price on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,094 shares of company stock valued at $11,705,293 in the last ninety days. Corporate insiders own 3.60% 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.