Stephens Investment Management Group LLC Has $9.59 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Stephens Investment Management Group LLC lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 34.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,183 shares of the company’s stock after acquiring an additional 10,519 shares during the period. Stephens Investment Management Group LLC owned approximately 0.06% of MongoDB worth $9,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB during the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its position in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the period. Continuum Advisory LLC increased its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after buying an additional 165 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Truist Financial reiterated a “buy” rating and set a $400.00 target price (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Piper Sandler reissued an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a research report on Tuesday, December 10th. Macquarie initiated coverage on MongoDB in a research note on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price target on the stock. Finally, Scotiabank cut their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have issued a strong 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 $361.00.

MongoDB Stock Down 0.1 %

Shares of MongoDB stock opened at $277.87 on Monday. The company’s fifty day moving average is $267.08 and its 200 day moving average is $270.65. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of -101.41 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. MongoDB’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total value of $798,000.00. Following the completion of the sale, the director now owns 1,113,006 shares of the company’s stock, valued at approximately $296,059,596. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,491 shares of company stock valued at $11,543,480 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.