5,278 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,278 shares of the company’s stock, valued at approximately $1,229,000. MongoDB accounts for approximately 0.9% of Kazazian Asset Management LLC’s holdings, making the stock its 24th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hilltop National Bank increased its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. NCP Inc. acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $36,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. DA Davidson lifted their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Macquarie dropped their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company cut shares of MongoDB from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

MongoDB Stock Down 2.3 %

NASDAQ MDB opened at $188.68 on Wednesday. MongoDB, Inc. has a 52 week low of $173.13 and a 52 week high of $387.19. The business’s fifty day simple moving average is $254.38 and its 200-day simple moving average is $271.46. The firm has a market cap of $14.05 billion, a PE ratio of -68.86 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the prior year, the firm earned $0.86 EPS. Research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,139 shares of company stock worth $11,328,869. Company insiders own 3.60% of the company’s stock.

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.