Sycomore Asset Management Acquires 5,297 Shares of MongoDB, Inc. (NASDAQ:MDB)

Sycomore Asset Management raised its holdings in MongoDB, Inc. (NASDAQ:MDB) by 39.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,665 shares of the company’s stock after acquiring an additional 5,297 shares during the quarter. MongoDB makes up 1.7% of Sycomore Asset Management’s holdings, making the stock its 20th largest holding. Sycomore Asset Management’s holdings in MongoDB were worth $7,807,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew 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 MongoDB during the third quarter valued at about $30,000. AM Squared Ltd bought a new stake in MongoDB during the third quarter valued at about $35,000. Cullen Frost Bankers Inc. bought a new stake in MongoDB during the third quarter valued at about $35,000. Finally, Castleview Partners LLC bought a new stake in MongoDB during the third quarter valued at about $37,000. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Tuesday, April 9th. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp dropped their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Guggenheim increased their price target on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Finally, Loop Capital began coverage on MongoDB in a research note on Tuesday. They issued a “buy” rating and a $415.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

Insiders Place Their Bets

In other news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the transaction, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders sold 91,802 shares of company stock worth $35,936,911 over the last three months. 4.80% of the stock is owned by insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $2.98 during trading on Wednesday, reaching $369.29. The company had a trading volume of 1,311,763 shares, compared to its average volume of 1,384,550. The stock’s fifty day moving average price is $383.39 and its 200 day moving average price is $390.67. MongoDB, Inc. has a fifty-two week low of $212.52 and a fifty-two week high of $509.62. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of -148.91 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, equities research analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

MongoDB 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.