SpiderRock Advisors LLC Buys Shares of 897 MongoDB, Inc. (NASDAQ:MDB)

SpiderRock Advisors LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 897 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in MongoDB in the 4th quarter valued at approximately $25,000. Blue Trust Inc. grew its position in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of MongoDB during the 1st quarter valued at $41,000. Beacon Capital Management LLC lifted its holdings in MongoDB by 1,111.1% during the 4th quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares in the company, valued at $421,496,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the transaction, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,174 shares of company stock worth $6,615,752. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDB. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. Citigroup dropped their price target on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. KeyCorp decreased their price objective on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus decreased their price target on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $290.00 price objective on shares of MongoDB in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $361.30.

MongoDB Stock Up 1.2 %

MDB traded up $3.18 during trading on Friday, hitting $268.12. 770,341 shares of the company’s stock traded hands, compared to its average volume of 1,539,053. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of -96.46 and a beta of 1.13. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The company’s 50 day simple moving average is $296.82 and its two-hundred day simple moving average is $362.34.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The firm had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. Analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

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.