Los Angeles Capital Management LLC Acquires Shares of 37,641 MongoDB, Inc. (NASDAQ:MDB)

Los Angeles Capital Management LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,641 shares of the company’s stock, valued at approximately $8,763,000. Los Angeles Capital Management LLC owned approximately 0.05% of MongoDB as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MDB. Hilltop National Bank lifted its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the third quarter worth $36,000. Continuum Advisory LLC lifted its holdings in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc boosted its position 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 valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,979 shares of company stock worth $11,265,417. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MDB shares. Loop Capital upped their target price on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Mizuho lifted their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Rosenblatt Securities assumed coverage on MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price target on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Trading Up 3.3 %

NASDAQ:MDB opened at $268.30 on Thursday. The stock has a 50-day moving average price of $261.64 and a 200 day moving average price of $274.71. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $458.80. The stock has a market capitalization of $19.98 billion, a P/E ratio of -97.92 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the firm posted $0.96 EPS. The company’s revenue was up 22.3% on a year-over-year basis. On average, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB 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.