MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,327 shares of the company’s stock after buying an additional 61 shares during the quarter. Motley Fool Asset Management LLC’s holdings in MongoDB were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. BluePath Capital Management LLC acquired a new stake in MongoDB in the 3rd quarter valued at $30,000. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in MongoDB during the third quarter worth about $35,000. AM Squared Ltd purchased a new position in shares of MongoDB during the 3rd quarter worth $35,000. Finally, Castleview Partners LLC purchased a new stake in shares of MongoDB in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MDB shares. Guggenheim lifted their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. UBS Group restated a “neutral” rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. JMP Securities reissued a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. Citigroup lifted their target price on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Truist Financial boosted their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Trading Up 4.8 %

NASDAQ MDB opened at $383.80 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $27.95 billion, a P/E ratio of -154.76 and a beta of 1.19. MongoDB, Inc. has a 52-week low of $215.56 and a 52-week high of $509.62. The firm has a 50-day moving average price of $379.60 and a 200 day moving average price of $390.67.

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

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares in the company, valued at approximately $80,409,817.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction 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 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 90 days, insiders have sold 91,802 shares of company stock valued at $35,936,911. Corporate insiders own 4.80% of the company’s stock.

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.