MongoDB, Inc. $MDB Stock Position Raised by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 27,068.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,509 shares of the company’s stock after acquiring an additional 9,474 shares during the quarter. Hantz Financial Services Inc.’s holdings in MongoDB were worth $3,991,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MDB. ValueAct Holdings L.P. boosted its stake in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its stake in shares of MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after acquiring an additional 852,540 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of MongoDB by 162.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock worth $340,505,000 after buying an additional 678,746 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of MongoDB by 611.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 715,100 shares of the company’s stock worth $300,120,000 after buying an additional 614,559 shares during the period. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares in the company, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their ownership of the stock. 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 6,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 31,566 shares of company stock valued at $8,744,791. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on MDB shares. Cantor Fitzgerald decreased their target price on MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Monness Crespi & Hardt decreased their target price on MongoDB from $475.00 to $370.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Robert W. Baird raised their target price on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 20th. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 3rd. Finally, The Goldman Sachs Group decreased their target price on MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Twenty-six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $373.37.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $326.13 on Tuesday. MongoDB, Inc. has a 1 year low of $182.43 and a 1 year high of $444.72. The business has a fifty day simple moving average of $269.54 and a 200 day simple moving average of $334.71. The firm has a market cap of $26.21 billion, a price-to-earnings 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, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same period last year, the company earned $1.28 earnings per share. MongoDB’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, sell-side analysts forecast that MongoDB, Inc. will post -0.46 EPS for the current year.

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.