Virtu Financial LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,015 shares of the company’s stock, valued at approximately $364,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aequim Alternative Investments LP boosted its holdings in shares of MongoDB by 13,944.9% during the 4th quarter. Aequim Alternative Investments LP now owns 10,000,000 shares of the company’s stock worth $2,986,000 after buying an additional 9,928,800 shares during the period. BlackRock Inc. boosted its holdings in shares of MongoDB by 8.6% during the 4th quarter. BlackRock Inc. now owns 4,556,828 shares of the company’s stock worth $1,636,084,000 after buying an additional 360,503 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of MongoDB by 35.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,105,487 shares of the company’s stock worth $755,954,000 after buying an additional 554,855 shares during the period. Lone Pine Capital LLC bought a new stake in MongoDB in the 4th quarter valued at $315,895,000. Finally, Tybourne Capital Management HK Ltd. bought a new stake in MongoDB in the 4th quarter valued at $289,179,000. 87.36% of the stock is owned by institutional investors and hedge funds.
Shares of MongoDB stock opened at $284.79 on Thursday. The stock has a market capitalization of $17.43 billion, a P/E ratio of -65.32 and a beta of 0.84. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 43.46. The company has a 50-day simple moving average of $328.30 and a 200 day simple moving average of $312.50. MongoDB, Inc. has a 12-month low of $131.83 and a 12-month high of $428.96.
A number of analysts have weighed in on the stock. Canaccord Genuity reduced their price target on shares of MongoDB from $430.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 16th. UBS Group assumed coverage on shares of MongoDB in a report on Monday, March 29th. They issued a “neutral” rating and a $325.00 price target for the company. Morgan Stanley reduced their price target on shares of MongoDB from $439.00 to $415.00 and set an “overweight” rating for the company in a report on Tuesday, March 16th. Zacks Investment Research downgraded shares of MongoDB from a “hold” rating to a “sell” rating in a report on Monday, March 15th. Finally, Oppenheimer increased their price target on shares of MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, January 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. MongoDB has a consensus rating of “Buy” and an average target price of $383.00.
In other MongoDB news, insider Thomas Bull sold 405 shares of the firm’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $283.29, for a total value of $114,732.45. Following the completion of the sale, the insider now owns 18,295 shares in the company, valued at approximately $5,182,790.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 35,000 shares of the firm’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $399.36, for a total transaction of $13,977,600.00. Following the completion of the sale, the chief executive officer now owns 249,250 shares of the company’s stock, valued at approximately $99,540,480. The disclosure for this sale can be found here. Insiders have sold a total of 110,720 shares of company stock valued at $37,796,038 in the last quarter. 16.28% of the stock is currently owned by corporate insiders.
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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