Cwm LLC Has $1.10 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Cwm LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,680 shares of the company’s stock after purchasing an additional 89 shares during the period. Cwm LLC’s holdings in MongoDB were worth $1,096,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. BluePath Capital Management LLC purchased a new stake in MongoDB in the 3rd quarter valued at $30,000. AM Squared Ltd purchased a new stake in MongoDB in the 3rd quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in MongoDB in the 3rd quarter valued at $35,000. Finally, Castleview Partners LLC purchased a new stake in MongoDB in the 3rd quarter valued at $37,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ:MDB opened at $383.80 on Friday. MongoDB, Inc. has a 52-week low of $215.56 and a 52-week high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a 50-day simple moving average of $379.60 and a two-hundred day simple moving average of $390.90. The firm has a market capitalization of $27.95 billion, a PE ratio of -154.76 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Tigress Financial increased their price target on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. UBS Group reissued a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, Loop Capital initiated coverage on MongoDB in a report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $443.86.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 1,430 shares of the 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 sale, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 1,430 shares of the 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 transaction, the executive now directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by company insiders.

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.