Andra AP fonden Invests $2.61 Million in MongoDB, Inc. (NASDAQ:MDB)

Andra AP fonden acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,200 shares of the company’s stock, valued at approximately $2,607,000.

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank raised its position in shares of MongoDB by 47.2% in the 4th 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. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at about $35,000. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the period. 89.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDB has been the subject of several research reports. China Renaissance initiated coverage on MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 target price for the company. Scotiabank restated a “sector perform” rating and issued a $240.00 target price (down from $275.00) on shares of MongoDB in a research note on Wednesday. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada cut their price target on MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,314 shares of company stock valued at $12,981,833 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

Shares of MDB stock opened at $187.65 on Monday. The company’s fifty day simple moving average is $261.68 and its two-hundred day simple moving average is $274.47. MongoDB, Inc. has a 1 year low of $181.05 and a 1 year high of $387.19. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of -68.49 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last issued 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 for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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.