Nisa Investment Advisors LLC Boosts Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Nisa Investment Advisors LLC grew its stake in MongoDB, Inc. (NASDAQ:MDB) by 428.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,755 shares of the company’s stock after purchasing an additional 4,665 shares during the period. Nisa Investment Advisors LLC’s holdings in MongoDB were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Hilltop National Bank grew its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Quarry LP grew its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares during the period. Brooklyn Investment Group purchased a new position in MongoDB in the third quarter worth approximately $36,000. GAMMA Investing LLC grew its position in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after acquiring an additional 93 shares during the period. Finally, Continuum Advisory LLC grew its position in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, November 4th. The shares were sold at an average price of $269.57, for a total value of $808,710.00. Following the completion of the sale, the director now owns 1,127,006 shares of the company’s stock, valued at approximately $303,807,007.42. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB 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 directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock valued at $9,220,473 in the last quarter. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $264.58 on Tuesday. The firm has a market cap of $19.70 billion, a price-to-earnings ratio of -96.56 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 firm’s 50 day moving average price is $275.02 and its two-hundred day moving average price is $269.23.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Scotiabank lowered their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald began coverage on MongoDB in a research note on Friday, January 17th. They set an “overweight” rating and a $344.00 price target on the stock. Needham & Company LLC upped their price target on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler restated an “overweight” rating and set a $425.00 price target on shares of MongoDB in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $361.00.

MongoDB Company 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.