Stevens Capital Management LP Makes New $222,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Stevens Capital Management LP purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel reports. The firm purchased 952 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds also recently modified their holdings of the company. Hilltop National Bank increased its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. NCP Inc. acquired a new stake in MongoDB during the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of several analyst reports. Citigroup reissued a “buy” rating on shares of MongoDB in a research note on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Oppenheimer cut their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. JMP Securities reissued a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. Finally, Bank of America dropped their price target on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $320.70.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 in the last quarter. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

MDB stock opened at $197.48 on Tuesday. The business has a 50-day simple moving average of $250.11 and a two-hundred day simple moving average of $268.75. The company has a market capitalization of $14.71 billion, a P/E ratio of -72.07 and a beta of 1.30. MongoDB, Inc. has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last announced 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 net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the previous year, the firm earned $0.86 EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.