MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Manchester Capital Management LLC

Manchester Capital Management LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 57.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384 shares of the company’s stock after acquiring an additional 140 shares during the period. Manchester Capital Management LLC’s holdings in MongoDB were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Hilltop National Bank grew its holdings 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 purchasing an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC grew its holdings in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc grew its holdings in 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 purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the third quarter valued at approximately $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 1.1 %

Shares of MongoDB stock opened at $289.63 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $488.00. The business’s fifty day simple moving average is $262.66 and its 200-day simple moving average is $272.02. The firm has a market cap of $21.57 billion, a PE ratio of -105.70 and a beta of 1.28.

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

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $349.17, for a total value of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,094 shares of company stock valued at $11,705,293. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MDB shares. KeyCorp raised their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Macquarie assumed coverage on MongoDB in a research report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 target price on the stock. Mizuho raised their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank decreased their target price on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Finally, DA Davidson raised their target price on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $361.00.

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.