Cookson Peirce & Co. Inc. Has $2.58 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Cookson Peirce & Co. Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB) by 470.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,315 shares of the company’s stock after buying an additional 5,208 shares during the period. Cookson Peirce & Co. Inc.’s holdings in MongoDB were worth $2,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. KB Financial Partners LLC bought a new position in shares of MongoDB in the 2nd quarter worth $27,000. Blue Trust Inc. lifted its holdings in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of MongoDB in the third quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its holdings in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after purchasing an additional 60 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in shares of MongoDB in the third quarter valued at about $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Up 0.1 %

Shares of MongoDB stock traded up $0.34 on Tuesday, hitting $347.51. The stock had a trading volume of 993,010 shares, compared to its average volume of 1,383,975. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The business’s 50 day moving average is $403.03 and its two-hundred day moving average is $390.72. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. Equities research analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Activity at MongoDB

In related news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The sale was disclosed in a filing with the SEC, which is available at this link. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the sale, the chief executive officer now directly owns 198,166 shares in the company, valued at $80,409,817.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,802 shares of company stock worth $36,356,911. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on MDB shares. Needham & Company LLC restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and boosted their price target for the company from $405.00 to $430.00 in a report on Friday, March 8th. Tigress Financial boosted their price target on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. UBS Group reaffirmed a “neutral” rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Truist Financial lifted their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $448.74.

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.