Toth Financial Advisory Corp Acquires Shares of 1,400 MongoDB, Inc. (NASDAQ:MDB)

Toth Financial Advisory Corp acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,400 shares of the company’s stock, valued at approximately $572,000.

A number of other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in MongoDB by 34.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 806 shares of the company’s stock valued at $330,000 after buying an additional 207 shares in the last quarter. Baillie Gifford & Co. lifted its stake in MongoDB by 362.2% during the fourth quarter. Baillie Gifford & Co. now owns 27,511 shares of the company’s stock valued at $11,248,000 after buying an additional 21,559 shares in the last quarter. International Assets Investment Management LLC lifted its stake in MongoDB by 31,796.1% during the fourth quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after buying an additional 89,665 shares in the last quarter. Valley National Advisers Inc. lifted its stake in MongoDB by 5.9% during the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after buying an additional 33 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of MongoDB by 10.0% in the fourth quarter. Bleakley Financial Group LLC now owns 1,070 shares of the company’s stock worth $437,000 after purchasing an additional 97 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $465.00 price target on shares of MongoDB in a research report on Tuesday. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. JMP Securities reissued a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Truist Financial increased their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Finally, DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and increased their price target for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $448.74.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction dated 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 sale, the chief financial officer now owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,050 shares of company stock valued at $36,126,111. 4.80% of the stock is currently owned by company insiders.

MongoDB Trading Down 0.8 %

Shares of MongoDB stock opened at $358.20 on Wednesday. The company’s fifty day simple moving average is $406.75 and its 200-day simple moving average is $390.21. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a 1 year low of $198.72 and a 1 year high of $509.62.

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

MongoDB 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.