Sycomore Asset Management Has $7.81 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Sycomore Asset Management increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 39.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,665 shares of the company’s stock after acquiring an additional 5,297 shares during the period. MongoDB accounts for about 1.7% of Sycomore Asset Management’s holdings, making the stock its 20th largest position. Sycomore Asset Management’s holdings in MongoDB were worth $7,807,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MDB. Blue Trust Inc. grew its holdings in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in MongoDB in the 3rd quarter valued at approximately $30,000. AM Squared Ltd acquired a new stake in MongoDB in the 3rd quarter valued at approximately $35,000. Cullen Frost Bankers Inc. acquired a new stake in MongoDB in the 3rd quarter valued at approximately $35,000. Finally, Castleview Partners LLC acquired a new stake in MongoDB in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDB. Tigress Financial raised their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. KeyCorp reduced their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Trading Up 0.8 %

MDB stock traded up $2.98 during midday trading on Wednesday, hitting $369.29. 1,311,763 shares of the company’s stock were exchanged, compared to its average volume of 1,384,550. The stock’s fifty day moving average price is $383.39 and its 200-day moving average price is $390.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $26.90 billion, a PE ratio of -148.91 and a beta of 1.19. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Research analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Activity

In related news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Insiders have sold a total of 91,802 shares of company stock worth $35,936,911 over the last three months. Corporate insiders own 4.80% 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.