1,805 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by ING Groep NV

ING Groep NV purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,805 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC boosted its stake in MongoDB by 621.1% in the third 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. Wilmington Savings Fund Society FSB bought a new position in MongoDB in the third quarter valued at approximately $44,000. Finally, Versant Capital Management Inc boosted its stake in MongoDB by 1,100.0% in 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 last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 2.3 %

Shares of NASDAQ:MDB opened at $267.10 on Tuesday. The company’s 50 day moving average price is $261.74 and its two-hundred day moving average price is $274.54. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.27. The firm has a market cap of $19.89 billion, a PE ratio of -97.48 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. DA Davidson raised their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Guggenheim upgraded shares of 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. Finally, Citigroup lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two investment 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $361.00.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,979 shares of company stock worth $11,265,417 in the last quarter. 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.