Sapient Capital LLC Takes $398,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Sapient Capital LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 973 shares of the company’s stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Raymond James & Associates grew its holdings in MongoDB by 14.2% in the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after purchasing an additional 7,510 shares during the period. Nordea Investment Management AB boosted its stake in shares of MongoDB by 298.2% in the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after acquiring an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of MongoDB by 9.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock worth $658,000 after acquiring an additional 168 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after acquiring an additional 26,961 shares during the last quarter. Finally, Realta Investment Advisors purchased a new position in MongoDB during the fourth quarter worth approximately $212,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Guggenheim lifted their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. JMP Securities reiterated a “market outperform” rating and issued 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 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Loop Capital began coverage on MongoDB in a research note on Tuesday, April 23rd. They set a “buy” rating and a $415.00 target price for the company. Finally, DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $443.86.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 4,000 shares of the 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 of the company’s stock, valued at approximately $394,602,158.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated 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 owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,802 shares of company stock valued at $22,143,211. 4.80% of the stock is currently owned by company insiders.

MongoDB Price Performance

MDB stock opened at $365.10 on Monday. MongoDB, Inc. has a 52-week low of $238.99 and a 52-week high of $509.62. The stock’s fifty day simple moving average is $371.56 and its 200-day simple moving average is $391.28. 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 stock has a market capitalization of $26.59 billion, a price-to-earnings ratio of -146.31 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last posted 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 return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Equities research analysts expect 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.