MongoDB, Inc. $MDB Shares Acquired by Moore Capital Management LP

Moore Capital Management LP increased its position in MongoDB, Inc. (NASDAQ:MDB) by 427.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,953 shares of the company’s stock after purchasing an additional 29,946 shares during the quarter. Moore Capital Management LP’s holdings in MongoDB were worth $11,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MDB. Integrated Wealth Concepts LLC increased its stake in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after buying an additional 327 shares during the period. NewEdge Advisors LLC boosted its position in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in MongoDB in the 2nd quarter valued at about $329,000. Savant Capital LLC purchased a new position in MongoDB in the 2nd quarter valued at about $359,000. Finally, Allworth Financial LP grew its stake in shares of MongoDB by 69.6% during the second quarter. Allworth Financial LP now owns 948 shares of the company’s stock valued at $199,000 after acquiring an additional 389 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MDB. Robert W. Baird reaffirmed a “neutral” rating and set a $260.00 target price (down from $500.00) on shares of MongoDB in a research report on Tuesday, March 3rd. Sanford C. Bernstein downgraded MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Canaccord Genuity Group lowered their price objective on MongoDB from $455.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Scotiabank upgraded MongoDB from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $275.00 to $310.00 in a report on Thursday, March 5th. Finally, Morgan Stanley upped their target price on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $354.18.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total transaction of $4,077,000.00. Following the transaction, the director directly owned 1,031,316 shares in the company, valued at $420,467,533.20. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director owned 25,659 shares in the company, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 20,949 shares of company stock valued at $8,571,600. Insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $266.95 on Tuesday. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of -303.35 and a beta of 1.40. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The company’s 50-day simple moving average is $351.00 and its 200-day simple moving average is $353.75.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same period in the previous year, the company earned $1.28 earnings per share. MongoDB’s quarterly revenue was up 26.8% on a year-over-year basis. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.