AXQ Capital LP Invests $493,000 in MongoDB, Inc. (NASDAQ:MDB)

AXQ Capital LP bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, HoldingsChannel reports. The fund bought 2,116 shares of the company’s stock, valued at approximately $493,000.

Several other large investors have also recently added to or reduced their stakes in the business. Hilltop National Bank raised its holdings in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new position in MongoDB during the fourth quarter valued at about $35,000. Brooklyn Investment Group acquired a new stake in MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC boosted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of MongoDB by 1,100.0% in 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 last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s 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 completion of the transaction, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value 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. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock valued at $11,328,869 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Up 1.7 %

MDB stock opened at $192.54 on Friday. The firm has a market cap of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The company has a fifty day simple moving average of $250.97 and a 200 day simple moving average of $269.55.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 analyst estimates 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 prior year, the firm earned $0.86 EPS. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial lifted their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Scotiabank reaffirmed a “sector perform” rating and set a $240.00 target price (down from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Bank of America dropped their price target on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Stifel Nicolaus reduced their price objective on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. 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, the company has a consensus rating of “Moderate Buy” and a consensus 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.