962 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 962 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after buying an additional 40 shares during the period. Hilltop National Bank increased its position in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Tanager Wealth Management LLP raised its holdings in shares of MongoDB by 4.7% during the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after acquiring an additional 43 shares during the period. Rakuten Securities Inc. lifted its position in shares of MongoDB by 16.5% in the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in MongoDB by 5.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 2.2 %

NASDAQ:MDB opened at $292.46 on Thursday. The firm has a market capitalization of $21.78 billion, a PE ratio of -106.74 and a beta of 1.28. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $488.00. The firm’s fifty day simple moving average is $265.54 and its 200 day simple moving average is $271.27.

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

Insiders Place Their Bets

In other MongoDB 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 value of $377,128.48. Following the sale, the director now directly owns 87,744 shares in the company, valued at $25,087,764.48. This trade represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,413 shares of company stock valued at $12,082,421 in the last three months. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MDB shares. Cantor Fitzgerald initiated coverage on MongoDB in a report on Friday, January 17th. They issued an “overweight” rating and a $344.00 target price for the company. DA Davidson increased their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a research note on Monday, December 16th. Citigroup increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Canaccord Genuity Group boosted their price objective on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

About MongoDB

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.