Clear Creek Financial Management LLC Acquires Shares of 1,265 MongoDB, Inc. (NASDAQ:MDB)

Clear Creek Financial Management LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,265 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of MongoDB in the 4th quarter valued at $606,000. Aigen Investment Management LP purchased a new position in shares of MongoDB during the third quarter worth about $1,045,000. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of MongoDB in the 3rd quarter valued at about $4,366,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup lifted their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Oppenheimer upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Scotiabank lowered their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, January 6th. Finally, Cantor Fitzgerald started coverage on MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $361.00.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the completion of the sale, the director now owns 1,116,006 shares of the company’s stock, valued at $295,741,590. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at $55,379,548.84. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,491 shares of company stock valued at $10,745,480 over the last quarter. Insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.8 %

Shares of MDB opened at $273.32 on Monday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a market cap of $20.35 billion, a P/E ratio of -99.75 and a beta of 1.25. The company has a 50-day moving average of $272.39 and a two-hundred day moving average of $269.91.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. As a group, 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.