MongoDB, Inc. $MDB Shares Acquired by Berkshire Capital Holdings Inc.

Berkshire Capital Holdings Inc. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 248,800.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,890 shares of the company’s stock after buying an additional 24,880 shares during the quarter. MongoDB comprises approximately 3.5% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 12th largest holding. Berkshire Capital Holdings Inc.’s holdings in MongoDB were worth $10,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in MongoDB in the 4th quarter worth $28,000. Cornerstone Planning Group LLC increased its holdings in MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in MongoDB in the 4th quarter worth $33,000. Global Trust Asset Management LLC purchased a new stake in MongoDB in the 4th quarter worth $38,000. Finally, Huntington National Bank increased its holdings in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the transaction, the director owned 470,896 shares of the company’s stock, valued at $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. The trade was a 6.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,566 shares of company stock valued at $8,744,791 in the last three months. 3.10% of the stock is currently owned by insiders.

MongoDB Trading Up 2.7%

Shares of MDB opened at $326.13 on Friday. MongoDB, Inc. has a 12-month low of $182.43 and a 12-month high of $444.72. The firm has a 50-day moving average price of $268.23 and a 200 day moving average price of $335.16. The firm has a market capitalization of $26.21 billion, a P/E ratio of -370.60 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. MongoDB’s quarterly revenue was up 26.8% on a year-over-year basis. Equities research analysts predict that MongoDB, Inc. will post -0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of MongoDB from $350.00 to $375.00 in a report on Tuesday. DA Davidson dropped their target price on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Stifel Nicolaus dropped their target price on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Needham & Company LLC dropped their target price on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $425.00 target price on shares of MongoDB in a report on Monday, March 2nd. Twenty-six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.37.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.