Park Avenue Securities LLC Buys 337 Shares of MongoDB, Inc. (NASDAQ:MDB)

Park Avenue Securities LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,723 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Park Avenue Securities LLC’s holdings in MongoDB were worth $401,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after purchasing an additional 294,228 shares during the last quarter. Tealwood Asset Management Inc. purchased a new position in MongoDB during the 4th quarter worth $243,000. FNY Investment Advisers LLC bought a new stake in shares of MongoDB in the 4th quarter worth $411,000. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of MongoDB by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,399 shares of the company’s stock worth $5,215,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. China Renaissance assumed coverage on MongoDB in a research report on Tuesday. They issued a “buy” rating and a $351.00 price objective on the stock. Tigress Financial increased their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Mizuho lifted their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt lowered shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a research report on Monday, December 16th. Finally, Cantor Fitzgerald assumed coverage on shares of MongoDB in a research note on Friday, January 17th. They issued an “overweight” rating and a $344.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $261.86 on Friday. The company has a market capitalization of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The business has a fifty day moving average price of $275.02 and a 200-day moving average price of $268.94.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results 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 return on equity of 12.22% and a negative net margin of 10.46%. 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 business earned $0.96 earnings per share. The company’s revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total value of $265,000.00. Following the transaction, the director now owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,156 shares of company stock valued at $9,220,473. Company insiders own 3.60% of the company’s stock.

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.