Pilgrim Partners Asia Pte Ltd Acquires Shares of 600 MongoDB, Inc. (NASDAQ:MDB)

Pilgrim Partners Asia Pte Ltd bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 600 shares of the company’s stock, valued at approximately $140,000.

A number of other large investors have also made changes to their positions in the stock. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the 4th 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 last quarter. NCP Inc. acquired a new position in MongoDB in the fourth quarter valued at approximately $35,000. Continuum Advisory LLC grew its position in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Versant Capital Management Inc raised its position in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB in the 3rd quarter valued at $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

NASDAQ MDB opened at $154.39 on Friday. The company has a fifty day moving average of $236.68 and a two-hundred day moving average of $262.08. The company has a market capitalization of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $151.52 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB) last released its quarterly 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 return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the business earned $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,045 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the sale, the director now owns 85,652 shares in the company, valued at approximately $20,785,170.84. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,060 shares of company stock valued at $13,461,875. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MDB shares. Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Royal Bank of Canada cut their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Mizuho raised their price target on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, UBS Group set a $350.00 price objective on MongoDB in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $312.84.

MongoDB 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.