Edgestream Partners L.P. Buys Shares of 4,558 MongoDB, Inc. (NASDAQ:MDB)

Edgestream Partners L.P. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,558 shares of the company’s stock, valued at approximately $1,061,000.

A number of other large investors also recently modified their holdings of MDB. Hilltop National Bank increased its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. NCP Inc. bought a new position in MongoDB in the 4th quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB during the 3rd quarter worth approximately $44,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Up 8.5 %

Shares of MDB stock opened at $195.70 on Wednesday. The firm has a fifty day simple moving average of $259.87 and a two-hundred day simple moving average of $273.64. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19. The firm has a market capitalization of $14.57 billion, a PE ratio of -71.42 and a beta of 1.30.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on MDB shares. Canaccord Genuity Group dropped their price target on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Barclays lowered their target price on MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. China Renaissance assumed coverage on MongoDB in a research report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target on the stock. Stifel Nicolaus decreased their price target on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Macquarie cut their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,314 shares of company stock valued at $12,981,833. Corporate insiders own 3.60% of the company’s stock.

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.