IFP Advisors Inc Acquires 574 Shares of MongoDB, Inc. (NASDAQ:MDB)

IFP Advisors Inc raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,632 shares of the company’s stock after purchasing an additional 574 shares during the quarter. IFP Advisors Inc’s holdings in MongoDB were worth $380,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after buying an additional 40 shares during the period. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the period. Avestar Capital LLC increased 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 valued at $504,000 after buying an additional 42 shares during the period. Rakuten Securities Inc. grew its stake in shares of MongoDB by 16.5% during the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after purchasing an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of MongoDB by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after purchasing an additional 59 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MDB shares. Morgan Stanley lifted their price objective on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. KeyCorp lifted their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lifted their price objective on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on MongoDB in a research note on Friday, January 17th. They set an “overweight” rating and a $344.00 price objective for the company. Finally, Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research note on Monday, December 16th. Two 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 issued a strong buy rating to the company. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

MongoDB Price Performance

Shares of MongoDB stock opened at $267.43 on Friday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $449.12. The firm has a market cap of $19.92 billion, a price-to-earnings ratio of -97.60 and a beta of 1.28. The stock’s 50-day moving average is $262.73 and its 200-day moving average is $274.82.

MongoDB (NASDAQ:MDB) last released its earnings results 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. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. MongoDB’s revenue was up 22.3% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $58,121,799.12. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $323.00, for a total value of $969,000.00. Following the transaction, the director now directly owns 1,121,006 shares in the company, valued at approximately $362,084,938. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,314 shares of company stock worth $13,494,863. Corporate insiders own 3.60% of the company’s stock.

MongoDB Company 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.