Polymer Capital Management HK LTD Takes $917,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Polymer Capital Management HK LTD purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel.com reports. The firm purchased 3,937 shares of the company’s stock, valued at approximately $917,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. bought a new position in shares of MongoDB during the fourth quarter valued at $35,000. Continuum Advisory LLC boosted its stake in shares of 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 purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the 3rd quarter worth about $44,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were 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 of the company’s stock, valued at $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,060 shares of company stock valued at $13,461,875 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDB shares. The Goldman Sachs Group decreased their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Morgan Stanley decreased their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Cantor Fitzgerald initiated coverage on MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price on the stock. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, January 6th. Seven investment 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. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $312.84.

MongoDB Stock Performance

MongoDB stock opened at $154.39 on Monday. The stock has a 50-day simple moving average of $236.68 and a 200 day simple moving average of $261.78. The stock has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a 52 week low of $146.50 and a 52 week high of $387.19.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current 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.