FNY Investment Advisers LLC Invests $411,000 in MongoDB, Inc. (NASDAQ:MDB)

FNY Investment Advisers LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,766 shares of the company’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in MongoDB by 1,677.3% in the 2nd quarter. Acadian Asset Management LLC now owns 3,679 shares of the company’s stock worth $916,000 after purchasing an additional 3,472 shares during the last quarter. Quest Partners LLC acquired a new position in MongoDB during the 2nd quarter worth $160,000. William Blair Investment Management LLC grew its stake in shares of MongoDB by 268.5% in the second quarter. William Blair Investment Management LLC now owns 34,385 shares of the company’s stock worth $8,595,000 after purchasing an additional 25,053 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of MongoDB by 13.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,365 shares of the company’s stock valued at $1,591,000 after purchasing an additional 741 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in MongoDB by 19.2% in the second quarter. Dimensional Fund Advisors LP now owns 111,487 shares of the company’s stock worth $27,865,000 after purchasing an additional 17,990 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total transaction of $713,190.00. Following the transaction, the director now owns 1,117,006 shares of the company’s stock, valued at approximately $265,545,836.38. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,776 shares of company stock worth $6,577,625. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 target price on the stock. Robert W. Baird upped their target price on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler reiterated an “overweight” rating and set a $425.00 price target on shares of MongoDB in a research report on Tuesday, December 10th. Mizuho upped their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Scotiabank lifted their target price on MongoDB from $295.00 to $350.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $364.64.

MongoDB Trading Down 2.1 %

MDB stock opened at $240.19 on Tuesday. The firm has a market cap of $17.89 billion, a PE ratio of -87.66 and a beta of 1.25. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a fifty day simple moving average of $281.31 and a 200 day simple moving average of $269.56.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for 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%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. As a group, analysts forecast that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

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.