Savant Capital LLC Takes $200,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Savant Capital LLC purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 490 shares of the company’s stock, valued at approximately $200,000.

Other large investors have also recently modified their holdings of the company. Raymond James & Associates lifted its position in MongoDB by 14.2% in the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock worth $24,759,000 after buying an additional 7,510 shares during the last quarter. Nordea Investment Management AB lifted its position in MongoDB by 298.2% in the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after buying an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in MongoDB by 9.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock worth $658,000 after buying an additional 168 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after purchasing an additional 26,961 shares during the last quarter. Finally, Realta Investment Advisors bought a new stake in MongoDB in the fourth quarter valued at approximately $212,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 2.8 %

MDB stock opened at $355.31 on Wednesday. MongoDB, Inc. has a fifty-two week low of $238.99 and a fifty-two week high of $509.62. The business’s 50-day moving average is $367.96 and its two-hundred day moving average is $391.40. 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 company has a market cap of $25.88 billion, a price-to-earnings ratio of -143.27 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share 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 firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction dated 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 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 accessible through this link. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the sale, the chief financial officer now owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 1,430 shares of the stock in a transaction dated 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 approximately $15,819,510.84. The disclosure for this sale can be found here. Insiders sold a total of 58,802 shares of company stock worth $22,143,211 over the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MDB has been the subject of several recent research reports. Truist Financial boosted their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research report on Friday, May 3rd. Citigroup boosted their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. Finally, Guggenheim boosted their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

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.