2,680 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,680 shares of the company’s stock, valued at approximately $624,000.

Other hedge funds have also made changes to their positions in the company. TD Asset Management Inc lifted its position in shares of MongoDB by 13.1% in the 2nd quarter. TD Asset Management Inc now owns 108,206 shares of the company’s stock worth $27,047,000 after purchasing an additional 12,554 shares during the period. Arizona State Retirement System raised its stake in MongoDB by 0.6% in the second quarter. Arizona State Retirement System now owns 19,981 shares of the company’s stock worth $4,994,000 after buying an additional 129 shares in the last quarter. Private Advisor Group LLC lifted its holdings in MongoDB by 167.4% during the second quarter. Private Advisor Group LLC now owns 6,324 shares of the company’s stock worth $1,581,000 after buying an additional 3,959 shares during the period. EFG Asset Management Americas Corp. boosted its position in MongoDB by 57.7% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 5,662 shares of the company’s stock valued at $1,415,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of MongoDB in the 2nd quarter valued at $41,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Up 0.7 %

MDB stock opened at $246.39 on Friday. The stock has a market capitalization of $18.35 billion, a P/E ratio of -89.92 and a beta of 1.17. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a 50-day simple moving average of $284.50 and a 200-day simple moving average of $268.24.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, analysts expect that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Needham & Company LLC raised their target price on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their price target on MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $366.14.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total transaction of $313,713.25. Following the completion of the sale, the director now owns 17,570 shares of the company’s stock, valued at approximately $4,691,014.30. This represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,385 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total transaction of $398,630.70. Following the completion of the sale, the director now owns 89,063 shares of the company’s stock, valued at approximately $25,634,112.66. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,879 shares of company stock valued at $6,985,212. 3.60% of the stock is owned by insiders.

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.