Clear Creek Financial Management LLC Buys New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Clear Creek Financial Management LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,265 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC acquired a new stake in MongoDB during the 4th quarter worth approximately $606,000. Aigen Investment Management LP acquired a new stake in shares of MongoDB in the third quarter worth $1,045,000. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of MongoDB in the 3rd quarter valued at $4,366,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after acquiring an additional 7,575 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on MDB. Wedbush raised MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Scotiabank decreased their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Oppenheimer raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Trading Up 0.8 %

NASDAQ:MDB opened at $273.32 on Monday. The stock has a 50 day moving average of $272.39 and a 200-day moving average of $269.91. The firm has a market capitalization of $20.35 billion, a PE ratio of -99.75 and a beta of 1.25. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. As a group, analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the sale, the chief executive officer now directly owns 217,294 shares in the company, valued at $55,379,548.84. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $21,510,229.95. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,491 shares of company stock valued at $10,745,480 in the last quarter. 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.