WoodTrust Financial Corp Acquires Shares of 4,250 MongoDB, Inc. (NASDAQ:MDB)

WoodTrust Financial Corp bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,250 shares of the company’s stock, valued at approximately $989,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hilltop National Bank raised its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB during the third quarter worth $36,000. Continuum Advisory LLC raised its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of MongoDB by 1,100.0% during the fourth 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 period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,314 shares of company stock valued at $12,525,863. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp boosted their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Truist Financial reissued a “buy” rating and set a $400.00 price target (up from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. 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. Finally, Royal Bank of Canada increased their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $361.83.

MongoDB Trading Down 1.8 %

Shares of MDB opened at $254.38 on Wednesday. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $428.91. The firm has a fifty day simple moving average of $263.28 and a 200 day simple moving average of $275.36. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of -92.84 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping 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%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.