SpiderRock Advisors LLC Purchases Shares of 897 MongoDB, Inc. (NASDAQ:MDB)

SpiderRock Advisors LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the first quarter, Holdings Channel reports. The fund bought 897 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of MongoDB by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after buying an additional 194,148 shares in the last quarter. Raymond James & Associates lifted its position in shares of MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after acquiring an additional 7,510 shares in the last quarter. Nordea Investment Management AB boosted its stake in MongoDB by 298.2% in the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after purchasing an additional 13,972 shares during the period. Assenagon Asset Management S.A. grew its position in MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after purchasing an additional 26,961 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC raised its stake in MongoDB by 24.7% during the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after purchasing an additional 10,753 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the sale, the director now owns 13,011 shares of the company’s stock, valued at $2,919,408.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the sale, the director now owns 13,011 shares in the company, valued at approximately $2,919,408.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders sold a total of 23,174 shares of company stock valued at $6,615,752 over the last ninety days. 3.60% of the stock is owned by company insiders.

MongoDB Stock Performance

Shares of MDB traded up $3.18 during trading hours on Friday, reaching $268.12. 770,341 shares of the company traded hands, compared to its average volume of 1,539,053. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. The stock’s fifty day moving average is $296.82 and its 200 day moving average is $362.34. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The stock has a market cap of $19.67 billion, a P/E ratio of -96.46 and a beta of 1.13.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. Equities research analysts anticipate that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial lowered their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Mizuho cut their target price on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Loop Capital lowered their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, JMP Securities cut their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.30.

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.