Sycomore Asset Management Acquires 7,607 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sycomore Asset Management raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,780 shares of the company’s stock after purchasing an additional 7,607 shares during the period. MongoDB makes up about 1.2% of Sycomore Asset Management’s portfolio, making the stock its 29th largest holding. Sycomore Asset Management owned approximately 0.06% of MongoDB worth $9,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Hilltop National Bank grew its stake in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new position in MongoDB during the third quarter valued at approximately $36,000. GAMMA Investing LLC lifted its stake in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 0.1 %

Shares of NASDAQ:MDB opened at $277.87 on Monday. The stock’s 50 day moving average is $267.08 and its 200-day moving average is $270.65. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last posted 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. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $55,379,548.84. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,491 shares of company stock worth $11,543,480 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Macquarie assumed coverage on MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. Mizuho raised their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, DA Davidson increased their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

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.