CloudAlpha Capital Management Limited Hong Kong Grows Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

CloudAlpha Capital Management Limited Hong Kong raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 398.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,400 shares of the company’s stock after buying an additional 20,300 shares during the period. MongoDB comprises 1.0% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 19th biggest holding. CloudAlpha Capital Management Limited Hong Kong’s holdings in MongoDB were worth $10,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new stake in shares of MongoDB in the 2nd quarter worth approximately $27,000. Bessemer Group Inc. bought a new position in shares of MongoDB during the 4th quarter worth approximately $29,000. BluePath Capital Management LLC bought a new position in shares of MongoDB during the 3rd quarter worth approximately $30,000. Blue Trust Inc. raised its stake 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 acquiring an additional 75 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of MongoDB during the 3rd quarter worth approximately $35,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Down 2.0 %

Shares of MongoDB stock traded down $7.05 on Wednesday, reaching $342.75. The company had a trading volume of 911,038 shares, compared to its average volume of 1,384,092. The firm’s 50 day moving average price is $399.36 and its two-hundred day moving average price is $390.78. The firm has a market cap of $24.96 billion, a PE ratio of -138.21 and a beta of 1.19. MongoDB, Inc. has a 52-week low of $212.52 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.

MongoDB (NASDAQ:MDB) last released its quarterly 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 during 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%. Sell-side analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,802 shares of company stock valued at $36,356,911. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MDB shares. KeyCorp boosted their price objective on shares of MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. UBS Group reiterated a “neutral” rating and set a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Needham & Company LLC restated a “buy” rating and set a $465.00 price target on shares of MongoDB in a research note on Tuesday, April 9th. Stifel Nicolaus restated a “buy” rating and set a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. Finally, Guggenheim upped their price target 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $448.74.

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.