Smartleaf Asset Management LLC Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Smartleaf Asset Management LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 56.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Smartleaf Asset Management LLC’s holdings in MongoDB were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter worth approximately $35,000. Brooklyn Investment Group purchased a new position in shares of MongoDB during the third quarter worth approximately $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. The trade was a 0.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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 directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,314 shares of company stock valued at $13,337,753 in the last quarter. 3.60% of the stock is owned by insiders.

MongoDB Price Performance

MDB opened at $187.65 on Friday. The stock has a 50-day moving average price of $261.68 and a 200-day moving average price of $274.38. The firm has a market cap of $13.97 billion, a PE ratio of -68.49 and a beta of 1.30. MongoDB, Inc. has a 1 year low of $181.05 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the firm earned $0.86 EPS. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Loop Capital cut their target price on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Wedbush cut their target price on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group cut their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup raised their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Macquarie cut their target price on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

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.