Alyeska Investment Group L.P. increased its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 70.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,260 shares of the company’s stock after buying an additional 240,671 shares during the period. MongoDB comprises 1.2% of Alyeska Investment Group L.P.’s portfolio, making the stock its 8th largest holding. Alyeska Investment Group L.P. owned approximately 0.84% of MongoDB worth $115,006,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Cetera Advisor Networks LLC acquired a new position in MongoDB during the fourth quarter worth approximately $278,000. Cetera Investment Advisers purchased a new stake in MongoDB during the fourth quarter worth approximately $296,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in MongoDB by 33.2% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,084 shares of the company’s stock worth $410,000 after buying an additional 520 shares during the period. Two Sigma Advisers LP purchased a new stake in MongoDB during the fourth quarter worth approximately $24,448,000. Finally, Two Sigma Investments LP purchased a new stake in MongoDB during the fourth quarter worth approximately $15,567,000. Institutional investors and hedge funds own 84.86% of the company’s stock.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the transaction, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CRO Cedric Pech sold 720 shares of MongoDB stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total value of $164,397.60. Following the transaction, the executive now directly owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares in the company, valued at $4,042,988.04. The disclosure for this sale can be found here. Insiders have sold 106,682 shares of company stock valued at $26,516,196 in the last quarter. Insiders own 4.80% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of MongoDB from $240.00 to $375.00 in a research note on Friday, June 2nd. Royal Bank of Canada upped their target price on shares of MongoDB from $235.00 to $400.00 in a research note on Friday, June 2nd. Wedbush decreased their target price on shares of MongoDB from $240.00 to $230.00 in a research note on Thursday, March 9th. Needham & Company LLC increased their price objective on shares of MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. Finally, Mizuho increased their price objective on shares of MongoDB from $180.00 to $220.00 in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $328.35.
MongoDB Price Performance
Shares of MDB stock traded up $7.28 during midday trading on Monday, reaching $381.79. 1,092,842 shares of the company were exchanged, compared to its average volume of 1,777,985. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $398.89. The company has a market cap of $26.74 billion, a P/E ratio of -80.94 and a beta of 1.04. The company’s 50 day moving average price is $263.28 and its two-hundred day moving average price is $223.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same period in the previous year, the firm earned ($1.15) EPS. MongoDB’s revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts expect that MongoDB, Inc. will post -2.85 earnings per share for the current year.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.