MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Lifted by Amitell Capital Pte Ltd

Amitell Capital Pte Ltd lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,625 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. MongoDB accounts for 3.5% of Amitell Capital Pte Ltd’s portfolio, making the stock its 11th largest holding. Amitell Capital Pte Ltd’s holdings in MongoDB were worth $4,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hilltop National Bank raised its holdings in shares of 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 acquiring an additional 42 shares during the period. Avestar Capital LLC lifted its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP boosted its position in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after buying an additional 55 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after buying an additional 66 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock worth $383,000 after acquiring an additional 75 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research reports. Robert W. Baird dropped their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, January 6th. Wedbush decreased their target price on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Finally, Stifel Nicolaus reduced their price objective on MongoDB from $425.00 to $340.00 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, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $312.84.

Insider Buying and Selling

In other news, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,060 shares of company stock valued at $13,461,875 over the last three months. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Down 4.5 %

Shares of MongoDB stock opened at $147.38 on Tuesday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $387.19. The company’s fifty day simple moving average is $234.34 and its 200-day simple moving average is $260.82. The company has a market cap of $11.97 billion, a price-to-earnings ratio of -53.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analyst estimates 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 business earned $0.86 earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.