Guggenheim Capital LLC Raises Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Guggenheim Capital LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,375 shares of the company’s stock after purchasing an additional 94 shares during the quarter. Guggenheim Capital LLC’s holdings in MongoDB were worth $4,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank increased its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Avestar Capital LLC grew its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after buying an additional 42 shares during the period. Aigen Investment Management LP increased its stake in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after acquiring an additional 66 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock worth $383,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $1,109,903.56. The trade was a 7.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,680 shares of company stock valued at $11,084,027 over the last quarter. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDB. Piper Sandler cut their price target on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Rosenblatt Securities restated a “buy” rating and set a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Wedbush reduced their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Scotiabank reiterated a “sector perform” rating and set a $240.00 target price (down previously from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Eight 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $299.78.

MongoDB Stock Performance

NASDAQ:MDB opened at $159.26 on Friday. The stock has a 50-day simple moving average of $208.15 and a 200 day simple moving average of $252.43. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of -58.12 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter last year, the firm posted $0.86 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS 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.