CIBC Private Wealth Group LLC Raises Holdings in MongoDB, Inc. (NASDAQ:MDB)

CIBC Private Wealth Group LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,519 shares of the company’s stock after buying an additional 8,068 shares during the period. CIBC Private Wealth Group LLC owned about 0.11% of MongoDB worth $21,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MDB. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. purchased a new position in MongoDB in the fourth quarter valued at about $35,000. Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 1.5 %

Shares of MDB opened at $175.40 on Tuesday. The firm has a market cap of $14.24 billion, a P/E ratio of -64.01 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $170.85 and a 12 month high of $387.19. The stock’s 50 day moving average is $244.01 and its two-hundred day moving average is $265.11.

MongoDB (NASDAQ:MDB) last announced its earnings results 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). The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the business earned $0.86 EPS. Equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock worth $11,328,869 in the last 90 days. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MDB. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price for the company. China Renaissance began coverage on MongoDB in a research report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective for the company. UBS Group set a $350.00 price target on MongoDB in a report on Tuesday, March 4th. Needham & Company LLC dropped their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Mizuho increased their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

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.