Van ECK Associates Corp Buys Shares of 905 MongoDB, Inc. (NASDAQ:MDB)

Van ECK Associates Corp bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 905 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors also recently bought and sold shares of the stock. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group bought a new position in shares of MongoDB in the third quarter worth about $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Versant Capital Management Inc increased its stake in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB in the third quarter worth about $44,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Scotiabank lowered their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. KeyCorp boosted their price target on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Loop Capital boosted their price target on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Tigress Financial boosted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, 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 sold 41,979 shares of company stock worth $11,265,417 in the last quarter. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

MDB stock opened at $273.26 on Monday. The company has a 50 day moving average price of $261.71 and a 200 day moving average price of $274.31. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $459.70. The stock has a market capitalization of $20.35 billion, a PE ratio of -99.73 and a beta of 1.28.

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

About MongoDB

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.