V Square Quantitative Management LLC Invests $144,000 in MongoDB, Inc. (NASDAQ:MDB)

V Square Quantitative Management LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 618 shares of the company’s stock, valued at approximately $144,000.

Other large investors have also made changes to their positions in the company. Creative Planning lifted its position in shares of MongoDB by 16.2% during the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock worth $4,709,000 after purchasing an additional 2,427 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in MongoDB by 10.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 939 shares of the company’s stock valued at $254,000 after acquiring an additional 89 shares in the last quarter. Blue Trust Inc. raised its holdings in MongoDB by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 927 shares of the company’s stock valued at $232,000 after acquiring an additional 389 shares in the last quarter. Prio Wealth Limited Partnership acquired a new position in MongoDB in the 3rd quarter valued at approximately $203,000. Finally, Whittier Trust Co. raised its holdings in MongoDB by 3.9% in the 3rd quarter. Whittier Trust Co. now owns 30,933 shares of the company’s stock valued at $8,362,000 after acquiring an additional 1,169 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,094 shares of company stock valued at $11,705,293 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

MongoDB Trading Down 1.1 %

Shares of MongoDB stock opened at $289.63 on Tuesday. The company has a market capitalization of $21.57 billion, a PE ratio of -105.70 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $488.00. The stock’s fifty day simple moving average is $261.45 and its 200 day simple moving average is $272.51.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the business posted $0.96 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MDB. Wells Fargo & Company upped their price target on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, January 6th. Citigroup increased their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, December 16th. DA Davidson increased their target price on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley increased their target price on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

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.