B.O.S.S. Retirement Advisors LLC Buys Shares of 2,605 MongoDB, Inc. (NASDAQ:MDB)

B.O.S.S. Retirement Advisors LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,605 shares of the company’s stock, valued at approximately $606,000.

Several other hedge funds have also added to or reduced their stakes in the business. Hilltop National Bank raised its holdings 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 during the period. Quarry LP raised its stake in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the period. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter valued at about $36,000. GAMMA Investing LLC raised its position in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $261.86 on Friday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a 50-day simple moving average of $275.02 and a 200 day simple moving average of $268.94. The company has a market capitalization of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last announced 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. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. As a group, analysts forecast that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Insider Activity

In other news, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the completion of the sale, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,156 shares of company stock worth $9,220,473 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, January 6th. Macquarie assumed coverage on shares of MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price objective on the stock. Canaccord Genuity Group lifted their price target on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Finally, KeyCorp boosted their target price on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned 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 data from MarketBeat, the stock 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.