Pier Capital LLC Increases Holdings in MongoDB, Inc. (NASDAQ:MDB)

Pier Capital LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,962 shares of the company’s stock after purchasing an additional 236 shares during the quarter. Pier Capital LLC’s holdings in MongoDB were worth $690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank lifted 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 in the last quarter. NCP Inc. bought a new stake in shares of MongoDB in the fourth quarter worth about $35,000. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the third quarter worth about $36,000. Continuum Advisory LLC boosted its stake in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Cedric Pech sold 287 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock worth $11,328,869 over the last 90 days. Company insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $197.48 on Tuesday. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The business has a 50-day moving average price of $250.11 and a 200 day moving average price of $268.75. The company has a market capitalization of $14.71 billion, a P/E ratio of -72.07 and a beta of 1.30.

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

Wall Street Analyst Weigh In

MDB has been the topic of several recent research reports. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Monday, January 6th. Scotiabank reaffirmed a “sector perform” rating and set a $240.00 price target (down previously from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays reduced their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Finally, Bank of America lowered their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $320.70.

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.