Avestar Capital LLC Acquires 42 Shares of MongoDB, Inc. (NASDAQ:MDB)

Avestar Capital LLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,165 shares of the company’s stock after acquiring an additional 42 shares during the period. Avestar Capital LLC’s holdings in MongoDB were worth $504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank boosted its holdings in MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new position in MongoDB in the third quarter valued at about $36,000. GAMMA Investing LLC boosted its stake in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Continuum Advisory LLC boosted its stake in 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 acquiring an additional 118 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the 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 completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,094 shares of company stock valued at $11,705,293 in the last quarter. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MDB stock opened at $289.63 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $488.00. The firm’s fifty day moving average is $263.74 and its 200 day moving average is $271.57. The firm has a market cap of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MDB. Mizuho boosted their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price on the stock. Robert W. Baird boosted their target price on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Monday, January 6th. Finally, Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

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.