WoodTrust Financial Corp Purchases New Holdings in MongoDB, Inc. (NASDAQ:MDB)

WoodTrust Financial Corp acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,250 shares of the company’s stock, valued at approximately $989,000.

A number of other hedge funds have also bought and sold shares of MDB. Hilltop National Bank increased 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 acquiring an additional 42 shares during the period. NCP Inc. acquired a new position in MongoDB in the fourth quarter worth approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the third quarter worth $36,000. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc grew its position in MongoDB by 1,100.0% during 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 in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $58,121,799.12. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,314 shares of company stock valued at $12,525,863. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research reports. Truist Financial reiterated a “buy” rating and issued a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Robert W. Baird increased their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Tigress Financial boosted their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group set a $350.00 price target on MongoDB in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price target on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $361.83.

MongoDB Stock Down 1.8 %

Shares of MDB opened at $254.38 on Wednesday. The stock’s 50-day moving average price is $263.28 and its 200 day moving average price is $275.36. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $428.91. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of -92.84 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the company posted $0.96 earnings per share. MongoDB’s revenue was up 22.3% on a year-over-year basis. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS 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.