18,000 Shares in MongoDB, Inc. $MDB Bought by Alight Capital Management LP

Alight Capital Management LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $5,587,000.

Several other hedge funds also recently added to or reduced their stakes in MDB. Vanguard Group Inc. lifted its position in MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after acquiring an additional 431,382 shares in the last quarter. State Street Corp raised its stake in shares of MongoDB by 5.0% during the second quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after purchasing an additional 80,334 shares during the period. Amundi raised its stake in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after purchasing an additional 563,995 shares during the period. Geode Capital Management LLC lifted its position in shares of MongoDB by 5.2% during the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

Shares of MongoDB stock opened at $260.50 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $444.72. The firm’s 50-day simple moving average is $354.08 and its 200-day simple moving average is $353.70. The firm has a market cap of $21.20 billion, a PE ratio of -296.02 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. During the same period last year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 1,190 shares of MongoDB stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This represents a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,949 shares of company stock valued at $8,981,630 over the last quarter. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MDB shares. Oppenheimer lowered their price target on shares of MongoDB from $425.00 to $375.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $260.00 price objective (down from $500.00) on shares of MongoDB in a report on Tuesday, March 3rd. Stifel Nicolaus decreased their price objective on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Barclays lowered their target price on MongoDB from $440.00 to $370.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein lowered MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $354.18.

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.