Fox Run Management L.L.C. Raises Stake in MongoDB, Inc. (NASDAQ:MDB)

Fox Run Management L.L.C. raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 21.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,757 shares of the company’s stock after buying an additional 1,189 shares during the quarter. Fox Run Management L.L.C.’s holdings in MongoDB were worth $1,573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop National Bank increased its holdings 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 acquiring an additional 42 shares during the period. Avestar Capital LLC increased its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after purchasing an additional 42 shares during the period. Aigen Investment Management LP raised its position in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after buying an additional 55 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after buying an additional 66 shares during the period. Finally, MetLife Investment Management LLC grew its position in MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock worth $1,203,000 after buying an additional 72 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, CFO Michael Lawrence Gordon sold 1,245 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the sale, the chief financial officer now owns 79,062 shares in the company, valued at $18,507,623.58. This represents a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Up 1.7 %

Shares of NASDAQ MDB opened at $192.54 on Friday. The firm has a fifty day simple moving average of $250.97 and a two-hundred day simple moving average of $269.65. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19. The firm has a market capitalization of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MDB shares. Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, January 6th. Needham & Company LLC decreased their price target on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Cantor Fitzgerald started coverage on shares of MongoDB in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 target price for the company. Finally, Mizuho raised their price target on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $320.70.

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.