1,435 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by Symmetry Investments LP

Symmetry Investments LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,435 shares of the company’s stock, valued at approximately $334,000.

Several other large investors also recently bought and sold shares of MDB. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the 4th quarter valued at about $29,000. Hilltop National Bank increased its position in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. NCP Inc. purchased a new stake in MongoDB in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc boosted its holdings in shares of 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 acquiring an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of MongoDB during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent research reports. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Barclays decreased their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Wedbush dropped their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Cantor Fitzgerald initiated coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price objective for the company. Finally, Royal Bank of Canada dropped their target price on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $299.78.

MongoDB Price Performance

Shares of MDB opened at $152.15 on Wednesday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of -55.53 and a beta of 1.49. The firm has a 50 day simple moving average of $202.52 and a 200-day simple moving average of $250.93.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the firm earned $0.86 earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 301 shares of the 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. The trade was 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 sold 47,680 shares of company stock valued at $10,819,027. Company insiders own 3.60% of the company’s stock.

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.