MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 101.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,202 shares of the company’s stock after buying an additional 10,186 shares during the quarter. Virtu Financial LLC’s holdings in MongoDB were worth $4,703,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank raised its stake 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 purchasing an additional 42 shares in the last quarter. Avestar Capital LLC raised its stake in shares of MongoDB by 2.0% during 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 raised its stake in shares of MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after purchasing an additional 55 shares in the last quarter. Perigon Wealth Management LLC raised its stake 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 purchasing an additional 66 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after purchasing an additional 72 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Cedric Pech sold 287 shares of the company’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 $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the business’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 value of $291,442.05. Following the sale, the chief financial officer now directly owns 79,062 shares of the company’s stock, 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. In the last quarter, insiders have sold 43,139 shares of company stock worth $11,328,869. Insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $192.54 on Friday. MongoDB, Inc. has a 1 year low of $173.13 and a 1 year high of $387.19. The business has a 50-day moving average of $250.97 and a two-hundred day moving average of $269.65. The company has a market capitalization of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30.

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

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Wedbush lowered their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Tigress Financial lifted their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Macquarie lowered their target price on MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $320.70.

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.