Strategic Vision Investment Ltd Buys Shares of 9,300 MongoDB, Inc. (NASDAQ:MDB)

Strategic Vision Investment Ltd purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, Holdings Channel reports. The fund purchased 9,300 shares of the company’s stock, valued at approximately $3,802,000. MongoDB accounts for approximately 3.5% of Strategic Vision Investment Ltd’s portfolio, making the stock its 5th biggest position.

Other institutional investors also recently modified their holdings of the company. KB Financial Partners LLC bought a new position in MongoDB during the second quarter worth $27,000. Bessemer Group Inc. bought a new position in shares of MongoDB during the 4th quarter worth about $29,000. BluePath Capital Management LLC acquired a new position in shares of MongoDB during the third quarter valued at about $30,000. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of MongoDB in the third quarter valued at about $35,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Activity

In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is currently owned by insiders.

MongoDB Price Performance

Shares of MongoDB stock traded down $2.33 during midday trading on Wednesday, reaching $347.47. The company had a trading volume of 317,040 shares, compared to its average volume of 1,375,493. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of -140.67 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a fifty day simple moving average of $399.36 and a 200 day simple moving average of $390.78. MongoDB, Inc. has a 1-year low of $212.52 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results 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). The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Redburn Atlantic restated a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Tigress Financial raised their target price on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their price target for the company from $405.00 to $430.00 in a report on Friday, March 8th. Finally, Citigroup raised their price objective on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company 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.