Wedbush Securities Inc. Purchases 125 Shares of MongoDB, Inc. (NASDAQ:MDB)

Wedbush Securities Inc. increased its position in MongoDB, Inc. (NASDAQ:MDB) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,945 shares of the company’s stock after buying an additional 125 shares during the quarter. Wedbush Securities Inc.’s holdings in MongoDB were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at about $189,584,000. Raymond James Financial Inc. bought a new position in MongoDB during the 4th quarter worth approximately $90,478,000. Amundi grew its position in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after acquiring an additional 321,186 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after purchasing an additional 294,228 shares during the period. Finally, Franklin Resources Inc. lifted its position in MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after purchasing an additional 181,962 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,060 shares of company stock valued at $13,461,875 in the last 90 days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $147.38 on Tuesday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The stock has a fifty day moving average of $234.34 and a 200 day moving average of $260.82. The stock has a market cap of $11.97 billion, a PE ratio of -53.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released 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). The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.86 EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent analyst reports. Robert W. Baird cut their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Citigroup cut their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. The Goldman Sachs Group decreased their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Cantor Fitzgerald initiated coverage on shares of MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price for the company. Finally, Mizuho boosted their price target on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

MongoDB Company 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.