NCP Inc. Invests $35,000 in MongoDB, Inc. (NASDAQ:MDB)

NCP Inc. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 150 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after purchasing an additional 40 shares during the period. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC boosted its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after acquiring an additional 42 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after acquiring an additional 59 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In related news, 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 value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,979 shares of company stock valued at $11,265,417 over the last three months. 3.60% of the stock is currently owned by insiders.

MongoDB Trading Down 2.8 %

Shares of MDB opened at $259.71 on Wednesday. The stock has a market cap of $19.34 billion, a P/E ratio of -94.78 and a beta of 1.28. The company has a 50-day moving average of $261.74 and a two-hundred day moving average of $274.54. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.27.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the firm posted $0.96 EPS. The company’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 fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Loop Capital increased their price target on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Scotiabank decreased their target price on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC increased their target price on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus increased their price objective on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price objective on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company 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.