Hel Ved Capital Management Ltd Has $2.04 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Hel Ved Capital Management Ltd grew its position in MongoDB, Inc. (NASDAQ:MDB) by 199.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,760 shares of the company’s stock after purchasing an additional 5,830 shares during the period. Hel Ved Capital Management Ltd’s holdings in MongoDB were worth $2,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDB. MetLife Investment Management LLC lifted its holdings in MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock worth $1,203,000 after acquiring an additional 72 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of MongoDB by 19.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock valued at $391,000 after purchasing an additional 231 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of MongoDB in the 3rd quarter valued at approximately $1,055,000. Hilltop Holdings Inc. bought a new stake in MongoDB during the 3rd quarter worth approximately $292,000. Finally, HighTower Advisors LLC raised its holdings in MongoDB by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 18,401 shares of the company’s stock worth $4,986,000 after buying an additional 1,065 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Down 5.5 %

Shares of NASDAQ MDB opened at $154.39 on Friday. The business’s 50 day moving average is $236.68 and its 200-day moving average is $262.08. The firm has a market cap of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $151.52 and a 1-year high of $387.19.

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

Insider Buying and Selling

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock valued at $13,461,875 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, January 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Needham & Company LLC dropped their target price on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, Macquarie reduced their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $312.84.

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.