MYDA Advisors LLC Raises Position in MongoDB, Inc. (NASDAQ:MDB)

MYDA Advisors LLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 128.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,600 shares of the company’s stock after acquiring an additional 20,600 shares during the period. MongoDB comprises about 2.1% of MYDA Advisors LLC’s holdings, making the stock its 14th largest holding. MYDA Advisors LLC’s holdings in MongoDB were worth $8,521,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank grew its holdings in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC grew its stake in shares of MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after buying an additional 42 shares during the last quarter. Aigen Investment Management LP increased its position in 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 buying an additional 55 shares in the last quarter. Perigon Wealth Management LLC raised its stake in MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after buying an additional 66 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in 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 in the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Macquarie lowered their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Daiwa America upgraded shares of MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Monday, January 6th. Finally, Daiwa Capital Markets began coverage on MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price for the company. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $299.78.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the sale, the chief executive officer now owns 268,948 shares in the company, valued at $46,597,930.48. The trade was a 6.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were 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. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,680 shares of company stock worth $11,084,027 in the last three months. 3.60% of the stock is owned by company insiders.

MongoDB Stock Performance

MDB opened at $159.26 on Friday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of -58.12 and a beta of 1.49. The firm’s fifty day moving average is $208.15 and its 200 day moving average is $252.42.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data 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 return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the company earned $0.86 EPS. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current 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.