Kornitzer Capital Management Inc. KS Buys Shares of 1,225 MongoDB, Inc. (NASDAQ:MDB)

Kornitzer Capital Management Inc. KS bought a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,225 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in MDB. Hilltop National Bank raised its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC raised its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the third quarter worth about $44,000. Finally, Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of research analyst reports. Oppenheimer raised their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group raised their price target on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. DA Davidson increased their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Rosenblatt Securities began coverage on MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective for the company. Two investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

MongoDB Stock Down 1.2 %

MDB opened at $295.00 on Thursday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.78. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of -107.66 and a beta of 1.28. The business has a 50 day moving average of $261.56 and a 200-day moving average of $273.13.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue was up 22.3% on a year-over-year basis. As a group, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 2,581 shares of MongoDB 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 $604,186.29. Following the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $50,866,352.46. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,094 shares of company stock valued at $11,705,293. 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.