Versor Investments LP Invests $707,000 in MongoDB, Inc. $MDB

Versor Investments LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,684 shares of the company’s stock, valued at approximately $707,000.

Other institutional investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its position in shares of MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of MongoDB by 55.0% in the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of MongoDB in the second quarter valued at approximately $329,000. Cresset Asset Management LLC raised its position in shares of MongoDB by 13.4% in the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after buying an additional 370 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after buying an additional 2,697 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MDB. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Piper Sandler dropped their price target on shares of MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Wedbush dropped their price target on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Citigroup lifted their price target on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Guggenheim reiterated a “buy” rating and issued a $475.00 price target on shares of MongoDB in a research report on Tuesday, April 14th. Twenty-six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $363.58.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $236.89, for a total transaction of $1,895,120.00. Following the transaction, the director owned 1,005,316 shares of the company’s stock, valued at approximately $238,149,307.24. This represents a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 15,566 shares of company stock valued at $3,875,011. Company insiders own 3.10% of the company’s stock.

MongoDB Price Performance

Shares of MDB opened at $302.94 on Thursday. MongoDB, Inc. has a one year low of $182.43 and a one year high of $444.72. The company has a market cap of $24.35 billion, a P/E ratio of -344.25 and a beta of 1.48. The firm has a 50 day simple moving average of $260.14 and a two-hundred day simple moving average of $336.15.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period in the previous year, the business earned $1.28 earnings per share. The company’s revenue was up 26.8% on a year-over-year basis. On average, analysts expect that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.