MongoDB, Inc. (NASDAQ:MDB) Stake Raised by Aigen Investment Management LP

Aigen Investment Management LP boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,921 shares of the company’s stock after acquiring an additional 55 shares during the quarter. Aigen Investment Management LP’s holdings in MongoDB were worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. B.O.S.S. Retirement Advisors LLC acquired a new stake in MongoDB during the 4th quarter worth about $606,000. Geode Capital Management LLC grew its stake in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MongoDB during the 3rd quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. grew its stake in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after acquiring an additional 7,575 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in MongoDB during the 4th quarter valued at about $3,515,000. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDB. China Renaissance began coverage on MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target for the company. Scotiabank reissued a “sector perform” rating on shares of MongoDB in a research note on Wednesday. Wells Fargo & Company boosted their price target on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Needham & Company LLC boosted their price target on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Mizuho boosted their price target on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $361.83.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $264.13 on Thursday. The business’s fifty day moving average price is $263.70 and its two-hundred day moving average price is $275.28. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $424.00. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of -96.40 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,314 shares of company stock worth $13,337,753 over the last 90 days. Insiders own 3.60% of the company’s stock.

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.