MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,343 shares of the company’s stock after buying an additional 518 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in MongoDB were worth $778,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $29,000. Hilltop National Bank raised its stake in MongoDB by 47.2% in 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 in the last quarter. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter valued at approximately $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a report on Friday, April 11th. Cantor Fitzgerald assumed coverage on MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target for the company. Robert W. Baird reduced their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Morgan Stanley cut their target price on MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, China Renaissance initiated coverage on MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $299.78.

Insider Transactions at MongoDB

In related news, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the sale, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at approximately $46,597,930.48. This represents a 6.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,680 shares of company stock valued at $11,084,027 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Down 0.5 %

MDB stock opened at $159.26 on Friday. The company has a market cap of $12.93 billion, a PE ratio of -58.12 and a beta of 1.49. The stock has a 50-day moving average price of $210.69 and a two-hundred day moving average price of $253.11. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19.

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 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 previous year, the firm posted $0.86 EPS. Equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.