Virtu Financial LLC Raises Position in MongoDB, Inc. (NASDAQ:MDB)

Virtu Financial LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 101.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,202 shares of the company’s stock after acquiring an additional 10,186 shares during the quarter. Virtu Financial LLC’s holdings in MongoDB were worth $4,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MDB. Geode Capital Management LLC grew its stake in shares of MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after buying an additional 34,814 shares during the last quarter. Amundi raised its stake in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after buying an additional 7,526 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of MongoDB in the 4th quarter worth $90,478,000. Finally, Holocene Advisors LP boosted its holdings in MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after buying an additional 66,730 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the 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 transaction, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,139 shares of company stock worth $11,328,869 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MDB shares. Tigress Financial increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada cut their price objective on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Barclays lowered their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, Robert W. Baird reduced their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $320.70.

MongoDB Price Performance

Shares of MDB opened at $192.54 on Friday. The business’s 50 day simple moving average is $250.97 and its 200-day simple moving average is $269.65. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The company has a market capitalization of $14.34 billion, a P/E ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the company earned $0.86 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS 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.