Andar Capital Management HK Ltd Has $7.77 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Andar Capital Management HK Ltd cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 13.6% in the 4th quarter, Holdings Channel reports. The firm owned 19,000 shares of the company’s stock after selling 3,000 shares during the period. MongoDB makes up about 11.0% of Andar Capital Management HK Ltd’s portfolio, making the stock its biggest position. Andar Capital Management HK Ltd’s holdings in MongoDB were worth $7,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC increased its stake in shares of MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after acquiring an additional 30 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after acquiring an additional 30 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after acquiring an additional 33 shares in the last quarter. Choreo LLC increased its stake in shares of MongoDB by 3.5% in the 3rd quarter. Choreo LLC now owns 1,076 shares of the company’s stock worth $372,000 after acquiring an additional 36 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of MongoDB by 38.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after acquiring an additional 36 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Guggenheim raised their price objective on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Loop Capital assumed coverage on shares of MongoDB in a research note on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price objective for the company. Redburn Atlantic reaffirmed a “sell” rating and set a $295.00 price target (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Finally, DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and raised their target price for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Trading Up 5.5 %

NASDAQ MDB traded up $20.25 on Wednesday, hitting $385.43. 857,411 shares of the stock were exchanged, compared to its average volume of 1,370,448. The firm has a market capitalization of $28.07 billion, a P/E ratio of -147.25 and a beta of 1.19. 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 fifty day moving average price of $376.15 and a two-hundred day moving average price of $391.24.

MongoDB (NASDAQ:MDB) last issued its earnings results 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). The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. Research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Activity

In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the sale, the director now directly owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the sale, the director now directly owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is currently owned by company insiders.

MongoDB Company 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.