1,045 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,045 shares of the company’s stock, valued at approximately $243,000.

Other large investors also recently bought and sold shares of the company. Hilltop National Bank raised its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Quarry LP grew its holdings in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB in the 3rd quarter worth about $36,000. GAMMA Investing LLC lifted its position in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 2.1 %

Shares of MDB opened at $240.19 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a market capitalization of $17.89 billion, a PE ratio of -87.66 and a beta of 1.25. The firm has a 50-day moving average price of $281.31 and a 200 day moving average price of $269.56.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -1.86 EPS for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of several research reports. Wedbush upgraded MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Rosenblatt Securities initiated coverage on MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective on the stock. Mizuho boosted their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, January 6th. Finally, Loop Capital boosted their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $364.64.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $237.73, for a total transaction of $713,190.00. Following the completion of the sale, the director now directly owns 1,117,006 shares of the company’s stock, valued at $265,545,836.38. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $21,510,229.95. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,776 shares of company stock valued at $6,577,625. Corporate insiders own 3.60% of the company’s stock.

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.