Vinva Investment Management Ltd Buys Shares of 1,797 MongoDB, Inc. (NASDAQ:MDB)

Vinva Investment Management Ltd bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,797 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter worth $36,000. Continuum Advisory LLC boosted its position in shares of MongoDB by 621.1% in the 3rd 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. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the 3rd quarter worth $44,000. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MDB. Macquarie lowered their price objective on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Citigroup reaffirmed a “buy” rating on shares of MongoDB in a research report on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Finally, Needham & Company LLC lowered their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $320.70.

MongoDB Trading Up 1.7 %

MDB opened at $192.54 on Friday. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The stock has a fifty day moving average price of $250.97 and a 200 day moving average price of $269.65.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $291,442.05. Following the transaction, the chief financial officer now directly owns 79,062 shares in the company, valued at $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock valued at $11,328,869 in the last three months. 3.60% of the stock is owned by corporate insiders.

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.