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

Trexquant Investment LP lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,493 shares of the company’s stock after purchasing an additional 7,203 shares during the quarter. Trexquant Investment LP’s holdings in MongoDB were worth $16,877,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in shares of MongoDB during the fourth quarter valued at about $2,278,000. Geode Capital Management LLC grew its stake in MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after acquiring an additional 22,106 shares in the last quarter. Franklin Resources Inc. increased its holdings in MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after acquiring an additional 181,962 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new stake in MongoDB in the 4th quarter worth approximately $209,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock valued at $383,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $55,379,548.84. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDB. Daiwa Capital Markets started coverage on shares of MongoDB in a report on Tuesday. They issued an “outperform” rating and a $202.00 price target on the stock. Citigroup decreased their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC dropped their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Barclays decreased their price objective on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Finally, KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

MongoDB Stock Up 0.7 %

NASDAQ:MDB opened at $176.61 on Wednesday. The firm has a market capitalization of $14.34 billion, a P/E ratio of -64.46 and a beta of 1.30. The company has a fifty day moving average of $242.38 and a 200 day moving average of $264.31. MongoDB, Inc. has a 52 week low of $170.66 and a 52 week high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS 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 net margin of 10.46% and a negative return on equity of 12.22%. During the same period last year, the company posted $0.86 earnings per share. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current 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.