RIA Advisory Group LLC Takes $5.65 Million Position in MongoDB, Inc. (NASDAQ:MDB)

RIA Advisory Group LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 13,815 shares of the company’s stock, valued at approximately $5,648,000. MongoDB accounts for 1.6% of RIA Advisory Group LLC’s holdings, making the stock its 8th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of MDB. KB Financial Partners LLC acquired a new position in MongoDB during the 2nd quarter valued at about $27,000. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of MongoDB during the 3rd quarter worth about $30,000. Parkside Financial Bank & Trust raised its position in shares of MongoDB by 176.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in shares of MongoDB during the 3rd quarter worth about $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group reiterated a “neutral” rating and issued a $410.00 target price (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. JMP Securities reissued a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Guggenheim lifted their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Finally, Tigress Financial lifted their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $444.93.

MongoDB Stock Performance

Shares of MDB stock traded down $8.08 during mid-day trading on Friday, reaching $327.47. The company’s stock had a trading volume of 1,351,921 shares, compared to its average volume of 1,379,720. MongoDB, Inc. has a 1-year low of $212.52 and a 1-year high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average is $394.28 and its two-hundred day moving average is $390.06.

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

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at approximately $33,351,592.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold a total of 92,802 shares of company stock valued at $36,356,911 in the last 90 days. 4.80% of the stock is currently owned by insiders.

About MongoDB

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.