Taika Capital LP Acquires New Shares in MongoDB, Inc. (NASDAQ:MDB)

Taika Capital LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,312 shares of the company’s stock, valued at approximately $1,237,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDB. Hilltop National Bank lifted its position in 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 purchasing an additional 42 shares during the period. Brooklyn Investment Group bought a new position in MongoDB during the third quarter valued at approximately $36,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. NCP Inc. bought a new position in MongoDB during the fourth quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB during the third quarter valued at approximately $44,000. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Down 2.8 %

Shares of MDB stock opened at $187.65 on Monday. MongoDB, Inc. has a 12-month low of $181.05 and a 12-month high of $387.19. The stock’s 50-day moving average price is $261.68 and its 200-day moving average price is $274.47. 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 the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the firm posted $0.86 earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at $55,379,548.84. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,314 shares of company stock worth $12,981,833 in the last three months. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of several recent research reports. 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 research note on Monday, January 6th. Canaccord Genuity Group lowered their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Piper Sandler lowered their price objective on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered their price objective on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

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.