Quantbot Technologies LP Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Quantbot Technologies LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,016 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. Hilltop National Bank raised its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of MongoDB during the third quarter valued at about $36,000. Continuum Advisory LLC lifted its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. NCP Inc. acquired a new stake in MongoDB during the fourth quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB during the third quarter valued at about $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research reports. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, January 6th. DA Davidson boosted their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $320.70.

Insider Activity at MongoDB

In other news, CEO Dev Ittycheria sold 2,581 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $604,186.29. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $50,866,352.46. This represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 169 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 transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,139 shares of company stock worth $11,328,869 over the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Down 2.5 %

MDB stock opened at $193.66 on Thursday. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19. The company has a market cap of $14.42 billion, a P/E ratio of -70.68 and a beta of 1.30. The business has a fifty day moving average of $248.25 and a 200-day moving average of $267.64.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share 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.