Summit Trail Advisors LLC Purchases Shares of 962 MongoDB, Inc. (NASDAQ:MDB)

Summit Trail Advisors LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, Holdings Channel reports. The fund acquired 962 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also made changes to their positions in the company. Hilltop National Bank raised its position 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 in the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB in the 3rd quarter valued at approximately $36,000. Continuum Advisory LLC raised its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the 3rd quarter valued at $44,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,319 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $285.92, for a total value of $377,128.48. Following the sale, the director now directly owns 87,744 shares in the company, valued at approximately $25,087,764.48. This represents a 1.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,413 shares of company stock valued at $12,082,421. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Up 2.2 %

Shares of MongoDB stock opened at $292.46 on Thursday. The business has a fifty day simple moving average of $265.54 and a 200 day simple moving average of $271.27. The stock has a market cap of $21.78 billion, a PE ratio of -106.74 and a beta of 1.28. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $488.00.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the business posted $0.96 EPS. MongoDB’s revenue was up 22.3% on a year-over-year basis. Analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDB. KeyCorp lifted their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Wells Fargo & Company lifted their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price objective on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research note on Friday, January 17th. They issued an “overweight” rating and a $344.00 target price for the company. Finally, Oppenheimer increased their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

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.