Sapient Capital LLC Buys Shares of 881 MongoDB, Inc. (NASDAQ:MDB)

Sapient Capital LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 881 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KB Financial Partners LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $27,000. Bessemer Group Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at $29,000. BluePath Capital Management LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of MongoDB in the 3rd quarter valued at $35,000. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the sale, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 1,248 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now owns 25,425 shares in the company, valued at approximately $10,170,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,050 shares of company stock valued at $36,856,111. 4.80% of the stock is currently owned by company insiders.

MongoDB Stock Down 1.1 %

Shares of MDB opened at $352.06 on Monday. MongoDB, Inc. has a 12 month low of $212.52 and a 12 month high of $509.62. The firm’s 50 day moving average is $403.03 and its 200-day moving average is $390.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MDB shares. UBS Group reaffirmed a “neutral” rating and issued a $410.00 target price (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Citigroup upped their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Guggenheim upped their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. Stifel Nicolaus restated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Finally, KeyCorp increased their price objective on shares of MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.