Trexquant Investment LP Purchases 7,203 Shares of MongoDB, Inc. (NASDAQ:MDB)

Trexquant Investment LP boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,493 shares of the company’s stock after acquiring an additional 7,203 shares during the quarter. Trexquant Investment LP owned 0.10% of MongoDB worth $16,877,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MDB. Hilltop National Bank boosted its holdings 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 acquiring an additional 42 shares during the period. NCP Inc. bought a new stake in MongoDB in the 4th quarter valued at $35,000. Continuum Advisory LLC grew its holdings in 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 buying an additional 118 shares in the last quarter. Versant Capital Management Inc increased its position in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the third quarter worth $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Daiwa Capital Markets started coverage on MongoDB in a research note on Tuesday. They issued an “outperform” rating and a $202.00 price target for the company. Barclays lowered their price objective on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. Cantor Fitzgerald started coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price for the company. Finally, Loop Capital decreased their price target on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.84.

MongoDB Trading Up 0.7 %

Shares of MDB opened at $176.61 on Wednesday. The stock has a 50 day moving average of $242.38 and a 200 day moving average of $264.31. MongoDB, Inc. has a 12 month low of $170.66 and a 12 month high of $387.19. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -64.46 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business 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 quarter in the previous year, the firm earned $0.86 earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Michael Lawrence Gordon sold 1,245 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the sale, the chief financial officer now owns 79,062 shares of the company’s stock, valued at approximately $18,507,623.58. This trade represents a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,139 shares of company stock valued at $11,328,869. Company insiders own 3.60% of the company’s stock.

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.