AlphaQuest LLC Takes $290,000 Position in MongoDB, Inc. (NASDAQ:MDB)

AlphaQuest LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,247 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hilltop National Bank boosted its stake 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 period. Avestar Capital LLC boosted its position in shares of MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after acquiring an additional 42 shares during the last quarter. Aigen Investment Management LP grew its stake in MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in MongoDB by 5.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after acquiring an additional 59 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in MongoDB by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the firm’s 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 sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,314 shares of company stock valued at $12,981,833 over the last ninety days. 3.60% of the stock is owned by company insiders.

MongoDB Trading Up 0.1 %

Shares of MDB stock opened at $185.37 on Friday. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of -67.65 and a beta of 1.30. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The stock has a fifty day simple moving average of $256.72 and a two-hundred day simple moving average of $272.06.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MDB shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC lowered their target price on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. JMP Securities reissued a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Finally, Canaccord Genuity Group decreased their price target on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

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.