Stephens Investment Management Group LLC Acquires 10,519 Shares of MongoDB, Inc. (NASDAQ:MDB)

Stephens Investment Management Group LLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 34.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,183 shares of the company’s stock after purchasing an additional 10,519 shares during the period. Stephens Investment Management Group LLC’s holdings in MongoDB were worth $9,588,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter worth approximately $36,000. Continuum Advisory LLC grew its holdings in shares of 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 in the last quarter. GAMMA Investing LLC increased its position in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the third quarter worth $44,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $277.87 on Monday. The company has a market cap of $20.69 billion, a price-to-earnings ratio of -101.41 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a fifty day moving average price of $267.08 and a two-hundred day moving average price of $270.65.

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

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,319 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $285.92, for a total transaction of $377,128.48. Following the sale, the director now owns 87,744 shares in the company, valued at approximately $25,087,764.48. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,491 shares of company stock valued at $11,543,480. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus upped their price objective on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Needham & Company LLC increased their price target on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Tigress Financial raised their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird boosted their target price on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Scotiabank decreased their price target on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

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.