Silvant Capital Management LLC Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Silvant Capital Management LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,674 shares of the company’s stock, valued at approximately $1,502,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates increased its stake 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 purchasing an additional 7,510 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of MongoDB by 298.2% in the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after purchasing an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of MongoDB by 9.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after purchasing an additional 168 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of MongoDB by 1,196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after purchasing an additional 26,961 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of MongoDB during the 3rd quarter valued at $902,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at $10,170,000. The disclosure for this sale can be found here. Insiders sold a total of 87,324 shares of company stock valued at $34,472,011 over the last three months. Corporate insiders own 4.80% of the company’s stock.

MongoDB Stock Up 5.6 %

MDB traded up $19.08 during midday trading on Friday, reaching $362.82. 2,074,739 shares of the company were exchanged, compared to its average volume of 1,508,374. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company’s fifty day moving average price is $408.98 and its 200 day moving average price is $389.56. The company has a market cap of $26.19 billion, a price-to-earnings ratio of -146.30 and a beta of 1.19. MongoDB, Inc. has a one year low of $198.72 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MDB shares. Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Truist Financial raised their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Stifel Nicolaus reissued a “buy” rating and set a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and set a $495.00 price objective on shares of MongoDB in a report on Wednesday, January 17th. Finally, Tigress Financial lifted their target price on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $449.85.

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.