Plato Investment Management Ltd Has $435,000 Stake in MongoDB, Inc. (NASDAQ:MDB)

Plato Investment Management Ltd boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 106.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,862 shares of the company’s stock after purchasing an additional 960 shares during the quarter. Plato Investment Management Ltd’s holdings in MongoDB were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDB. Hilltop National Bank lifted its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. NCP Inc. purchased a new stake in MongoDB in the 4th quarter valued at $35,000. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter valued at $36,000. Continuum Advisory LLC lifted its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings 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 acquiring an additional 165 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 1.8 %

Shares of MDB opened at $254.38 on Wednesday. The business’s 50-day moving average price is $263.28 and its 200-day moving average price is $275.36. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $428.91. The stock has a market cap of $18.94 billion, a PE ratio of -92.84 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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. Over the last quarter, insiders sold 47,314 shares of company stock valued at $12,525,863. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MDB shares. DA Davidson increased their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Canaccord Genuity Group lifted their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. UBS Group set a $350.00 price target on MongoDB in a research report on Tuesday. Finally, Cantor Fitzgerald started coverage on MongoDB in a research report on Friday, January 17th. They issued an “overweight” rating and a $344.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $361.83.

About MongoDB

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.