MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,343 shares of the company’s stock after acquiring an additional 518 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in MongoDB were worth $778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB during the 4th quarter worth approximately $29,000. Hilltop National Bank grew its position 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 buying an additional 42 shares in the last quarter. NCP Inc. acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB in the third quarter worth $44,000. Finally, Versant Capital Management Inc raised its holdings in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 885 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now 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 legal filing with the SEC, which is accessible through this link. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,680 shares of company stock worth $11,084,027. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Needham & Company LLC dropped their target price on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Robert W. Baird lowered their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Oppenheimer reduced their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Canaccord Genuity Group lowered their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Mizuho reduced their price objective on MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $299.78.

MongoDB Stock Down 0.5 %

MDB stock opened at $159.26 on Friday. The company has a 50 day moving average of $210.69 and a two-hundred day moving average of $253.11. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $387.19. The company has a market cap of $12.93 billion, a price-to-earnings ratio of -58.12 and a beta of 1.49.

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

About MongoDB

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.