Fox Run Management L.L.C. Boosts Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Fox Run Management L.L.C. increased its position in MongoDB, Inc. (NASDAQ:MDB) by 21.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,189 shares during the period. Fox Run Management L.L.C.’s holdings in MongoDB were worth $1,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock worth $1,648,000 after purchasing an additional 160 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in MongoDB by 18.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,005 shares of the company’s stock worth $272,000 after buying an additional 153 shares during the last quarter. Natixis Advisors LLC lifted its stake in MongoDB by 51.5% during the 3rd quarter. Natixis Advisors LLC now owns 18,304 shares of the company’s stock valued at $4,948,000 after acquiring an additional 6,221 shares during the period. Banque Cantonale Vaudoise boosted its holdings in shares of MongoDB by 16.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,508 shares of the company’s stock valued at $678,000 after acquiring an additional 360 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of MongoDB in the third quarter worth approximately $100,000. 89.29% of the stock is owned by institutional investors.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the transaction, the chief financial officer now directly owns 79,062 shares of the company’s stock, valued at approximately $18,507,623.58. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,139 shares of company stock valued at $11,328,869. Insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MDB stock opened at $192.54 on Friday. The company’s fifty day moving average price is $250.97 and its 200-day moving average price is $269.65. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The company has a market capitalization of $14.34 billion, a PE ratio of -70.27 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last released 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 company 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 earned $0.86 EPS. On average, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MDB shares. Truist Financial dropped their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Citigroup restated a “buy” rating on shares of MongoDB in a research note on Thursday, March 6th. Tigress Financial upped their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group set a $350.00 target price on MongoDB in a research report on Tuesday, March 4th. Finally, Cantor Fitzgerald initiated coverage on shares of MongoDB in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $320.70.

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.