Silvant Capital Management LLC Invests $1.50 Million in MongoDB, Inc. (NASDAQ:MDB)

Silvant Capital Management LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,674 shares of the company’s stock, valued at approximately $1,502,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KB Financial Partners LLC purchased a new stake in shares of MongoDB in the 2nd quarter worth $27,000. Bessemer Group Inc. bought a new position in MongoDB in the 4th quarter worth $29,000. BluePath Capital Management LLC bought a new position in MongoDB in the 3rd quarter worth $30,000. Blue Trust Inc. boosted its holdings in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in MongoDB in the 3rd quarter worth $35,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Trading Up 5.6 %

MongoDB stock traded up $19.08 during midday trading on Friday, reaching $362.82. The stock had a trading volume of 2,074,739 shares, compared to its average volume of 1,508,374. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 52-week low of $198.72 and a 52-week high of $509.62. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of -146.30 and a beta of 1.19. The company has a fifty day moving average of $408.98 and a 200 day moving average of $389.56.

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

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the transaction, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares in the company, valued at $80,409,817.82. The disclosure for this sale can be found here. Insiders have sold 87,324 shares of company stock valued at $34,472,011 in the last ninety days. 4.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. Citigroup upped their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $495.00 target price on shares of MongoDB in a report on Wednesday, January 17th. JMP Securities reissued a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a report on Monday, January 22nd. Redburn Atlantic reissued a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Finally, DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and increased their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $449.85.

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.