Oppenheimer & Co. Inc. Grows Position in MongoDB, Inc. (NASDAQ:MDB)

Oppenheimer & Co. Inc. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 93.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,193 shares of the company’s stock after buying an additional 4,440 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in MongoDB were worth $2,140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MDB. Hilltop National Bank lifted its holdings in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. bought a new stake in shares of MongoDB during the 4th quarter valued at $35,000. Brooklyn Investment Group purchased a new position in shares of MongoDB during the 3rd quarter valued at $36,000. Continuum Advisory LLC boosted its holdings in 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 during the period. Finally, Versant Capital Management Inc increased its stake in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MDB shares. Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Monday, December 16th. Barclays lowered their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Canaccord Genuity Group raised their target price on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird increased their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Stock Up 1.9 %

MDB stock opened at $267.43 on Monday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $449.12. The firm has a 50-day simple moving average of $262.73 and a 200-day simple moving average of $275.05. The stock has a market capitalization of $19.92 billion, a P/E ratio of -97.60 and a beta of 1.28.

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

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at approximately $21,510,229.95. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,314 shares of company stock valued at $12,525,863 in the last 90 days. 3.60% of the stock is owned by insiders.

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.