Lecap Asset Management Ltd. Has $2.17 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Lecap Asset Management Ltd. lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,320 shares of the company’s stock after selling 624 shares during the quarter. Lecap Asset Management Ltd.’s holdings in MongoDB were worth $2,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MDB. Nisa Investment Advisors LLC grew its stake in MongoDB by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after acquiring an additional 40 shares during the period. Hilltop National Bank lifted its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Tanager Wealth Management LLP increased its holdings in MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after purchasing an additional 43 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after purchasing an additional 47 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 1.4 %

MongoDB stock opened at $278.10 on Friday. The company has a fifty day simple moving average of $268.90 and a 200-day simple moving average of $270.32. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 1,319 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $285.92, for a total transaction of $377,128.48. Following the transaction, the director now directly owns 87,744 shares of the company’s stock, valued at approximately $25,087,764.48. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the transaction, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,491 shares of company stock worth $11,543,480. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MDB shares. Barclays lowered their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Canaccord Genuity Group raised their price target on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Monness Crespi & Hardt downgraded shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research report on Monday, December 16th. Truist Financial reissued a “buy” rating and set a $400.00 target price (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Finally, Oppenheimer upped their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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.