Signaturefd LLC Has $688,000 Stake in MongoDB, Inc. (NASDAQ:MDB)

Signaturefd LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,682 shares of the company’s stock after purchasing an additional 75 shares during the period. Signaturefd LLC’s holdings in MongoDB were worth $688,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Jennison Associates LLC lifted its position in shares of MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. Northern Trust Corp lifted its holdings in MongoDB by 5.5% in the third quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock valued at $154,957,000 after buying an additional 23,270 shares during the period. Polar Capital Holdings Plc lifted its holdings in MongoDB by 18.5% in the third quarter. Polar Capital Holdings Plc now owns 248,259 shares of the company’s stock valued at $85,863,000 after buying an additional 38,747 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in MongoDB by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 237,683 shares of the company’s stock valued at $82,205,000 after buying an additional 2,277 shares during the period. Finally, Fiera Capital Corp lifted its holdings in MongoDB by 2.3% in the third quarter. Fiera Capital Corp now owns 222,598 shares of the company’s stock valued at $76,988,000 after buying an additional 4,936 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the sale, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares in the company, valued at $421,496,160. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on MDB shares. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and increased their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Guggenheim upped their target price on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Tigress Financial upped their target price on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Finally, Loop Capital began coverage on shares of MongoDB in a research note on Tuesday. They issued a “buy” rating and a $415.00 target price for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $443.86.

MongoDB Price Performance

MDB opened at $366.31 on Wednesday. The company’s 50 day moving average is $385.74 and its 200-day moving average is $390.82. MongoDB, Inc. has a 1-year low of $212.52 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, equities analysts expect that MongoDB, Inc. will post -2.53 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.