Selz Capital LLC acquired a new position in shares of Mongodb Inc (NASDAQ:MDB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 47,200 shares of the company’s stock, valued at approximately $6,211,000. Selz Capital LLC owned 0.08% of Mongodb at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in MDB. CENTRAL TRUST Co lifted its holdings in shares of Mongodb by 79.4% during the 3rd quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Mongodb by 100.0% during the 2nd quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Mongodb by 445.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 300 shares of the company’s stock worth $36,000 after acquiring an additional 245 shares during the period. Focused Wealth Management Inc lifted its holdings in shares of Mongodb by 143.3% during the 3rd quarter. Focused Wealth Management Inc now owns 325 shares of the company’s stock worth $39,000 after acquiring an additional 1,075 shares during the period. Finally, FNY Investment Advisers LLC raised its holdings in Mongodb by 108.3% in the fourth quarter. FNY Investment Advisers LLC now owns 500 shares of the company’s stock valued at $65,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.
A number of research analysts have weighed in on the stock. Nomura lifted their price target on shares of Mongodb from $76.00 to $78.00 and gave the company a “reduce” rating in a research report on Tuesday, December 10th. DA Davidson reissued a “positive” rating and issued a $143.00 price objective on shares of Mongodb in a research report on Tuesday, December 10th. Canaccord Genuity cut their target price on shares of Mongodb from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. They noted that the move was a valuation call. Oppenheimer reduced their target price on shares of Mongodb from $180.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Finally, Zacks Investment Research raised shares of Mongodb from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Mongodb has an average rating of “Buy” and a consensus target price of $161.64.
Mongodb (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.32. The business had revenue of $109.40 million for the quarter, compared to analysts’ expectations of $97.47 million. Mongodb had a negative net margin of 35.22% and a negative return on equity of 46.17%. The business’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.30) earnings per share. On average, equities research analysts expect that Mongodb Inc will post -2.32 earnings per share for the current fiscal year.
In related news, Director Charles M. Hazard, Jr. sold 2,016 shares of Mongodb stock in a transaction on Friday, November 1st. The shares were sold at an average price of $125.06, for a total value of $252,120.96. Also, insider Thomas Bull sold 5,000 shares of Mongodb stock in a transaction on Monday, December 16th. The stock was sold at an average price of $130.60, for a total transaction of $653,000.00. Following the completion of the sale, the insider now owns 21,028 shares of the company’s stock, valued at approximately $2,746,256.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,671 shares of company stock valued at $25,465,133. 40.04% of the stock is currently owned by corporate insiders.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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