AGF Management Ltd. Takes $1.49 Million Position in MongoDB, Inc. (NASDAQ:MDB)

AGF Management Ltd. bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,415 shares of the company’s stock, valued at approximately $1,493,000.

Several other large investors have also modified their holdings of MDB. Hilltop National Bank boosted its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. NCP Inc. acquired a new stake in MongoDB during the 4th quarter worth $35,000. Brooklyn Investment Group acquired a new stake in MongoDB during the 3rd quarter worth $36,000. Continuum Advisory LLC boosted its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its stake 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 during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 0.1 %

NASDAQ:MDB opened at $185.37 on Friday. The company has a market capitalization of $13.80 billion, a P/E ratio of -67.65 and a beta of 1.30. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The firm has a 50-day moving average price of $256.72 and a two-hundred day moving average price of $272.06.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter last year, the firm earned $0.86 earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,314 shares of company stock worth $12,981,833 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDB. Rosenblatt Securities reiterated a “buy” rating and set a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Citigroup restated a “buy” rating on shares of MongoDB in a research note on Thursday, March 6th. Wedbush reduced their target price on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Needham & Company LLC reduced their target price on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

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.