1,400 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp acquired a new position in MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,400 shares of the company’s stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KB Financial Partners LLC bought a new stake in MongoDB in the second quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. BluePath Capital Management LLC bought a new stake in MongoDB in the third quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its holdings in MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in MongoDB in the third quarter worth approximately $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MDB shares. Truist Financial boosted their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Citigroup boosted their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Tigress Financial boosted their price objective on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a report on Monday, January 22nd. Finally, KeyCorp boosted their price objective on MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $448.74.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $358.20 on Wednesday. MongoDB, Inc. has a one year low of $198.72 and a one year high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average price is $406.75 and its 200-day moving average price is $390.21.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. On average, research analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

Insider Activity

In other news, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the transaction, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CRO Cedric Pech sold 1,248 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction dated 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 sale, 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 have sold 92,050 shares of company stock valued at $36,126,111 in the last 90 days. Insiders own 4.80% of the company’s stock.

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.