Tidal Investments LLC Purchases 5,191 Shares of MongoDB, Inc. (NASDAQ:MDB)

Tidal Investments LLC lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 222.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,523 shares of the company’s stock after buying an additional 5,191 shares during the quarter. Tidal Investments LLC’s holdings in MongoDB were worth $2,698,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the period. Atalanta Sosnoff Capital LLC boosted its position in MongoDB by 24.7% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock worth $22,205,000 after purchasing an additional 10,753 shares during the period. Fiera Capital Corp boosted its position in MongoDB by 0.8% during the fourth quarter. Fiera Capital Corp now owns 224,293 shares of the company’s stock worth $91,702,000 after purchasing an additional 1,695 shares during the period. Artisan Partners Limited Partnership bought a new stake in MongoDB during the fourth quarter worth approximately $10,545,000. Finally, Prudential PLC boosted its position in MongoDB by 2.4% during the fourth quarter. Prudential PLC now owns 21,169 shares of the company’s stock worth $8,655,000 after purchasing an additional 489 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the sale, the executive now owns 35,719 shares in the company, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. In the last three months, insiders sold 34,179 shares of company stock worth $9,156,689. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDB. Loop Capital reduced their price objective on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Wells Fargo & Company reduced their price objective on MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Citigroup reduced their price objective on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. Morgan Stanley reduced their price objective on MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Finally, Guggenheim raised MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $355.74.

MongoDB Stock Down 6.3 %

Shares of MongoDB stock traded down $15.86 during trading on Thursday, reaching $236.50. The company’s stock had a trading volume of 622,391 shares, compared to its average volume of 1,518,612. The stock has a 50-day moving average price of $254.36 and a two-hundred day moving average price of $343.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. MongoDB, Inc. has a one year low of $214.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). The firm had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. Analysts expect that MongoDB, Inc. will post -2.67 EPS for the current 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.