Stevens Capital Management LP Takes $222,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Stevens Capital Management LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 952 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of MongoDB during the fourth quarter worth $90,478,000. Amundi lifted its holdings in MongoDB by 86.2% during the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after acquiring an additional 321,186 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in MongoDB by 11,057.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the period. Avala Global LP bought a new stake in shares of MongoDB in the third quarter worth about $47,960,000. Finally, LBP AM SA raised its position in shares of MongoDB by 81.9% during the fourth quarter. LBP AM SA now owns 246,091 shares of the company’s stock worth $57,292,000 after purchasing an additional 110,768 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $197.48 on Tuesday. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of -72.07 and a beta of 1.30. The company has a 50-day simple moving average of $250.11 and a 200 day simple moving average of $268.75.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the prior year, the firm earned $0.86 EPS. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of MongoDB 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 $300,130,293.78. The trade was a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,139 shares of company stock worth $11,328,869. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research analyst reports. Barclays dropped their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada reduced their target price on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Truist Financial dropped their price target on MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Robert W. Baird reduced their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $320.70.

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.