Sanders Morris Harris LLC Invests $2.79 Million in MongoDB, Inc. (NASDAQ:MDB)

Sanders Morris Harris LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,000 shares of the company’s stock, valued at approximately $2,794,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Hilltop National Bank increased its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Quarry LP increased its position in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares during the last quarter. Brooklyn Investment Group bought a new stake in MongoDB in the third quarter valued at about $36,000. GAMMA Investing LLC increased its holdings in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC increased 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 buying an additional 118 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $4.85 during mid-day trading on Thursday, reaching $247.76. The company had a trading volume of 133,510 shares, compared to its average volume of 1,390,862. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market capitalization of $18.45 billion, a PE ratio of -90.42 and a beta of 1.25. The stock’s 50 day moving average is $279.90 and its 200-day moving average is $269.32.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.79 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 1,045 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the sale, the director now owns 85,652 shares in the company, valued at approximately $20,785,170.84. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,821 shares of company stock worth $6,831,215 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of several recent research reports. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, January 6th. Barclays lowered their target price on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Monness Crespi & Hardt lowered MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a report on Monday, December 16th. DA Davidson upped their target price on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC upped their target price on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $364.64.

MongoDB Company 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.