Xponance Inc. Has $3.18 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Xponance Inc. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,677 shares of the company’s stock after acquiring an additional 1,162 shares during the period. Xponance Inc.’s holdings in MongoDB were worth $3,184,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Hilltop National Bank increased its holdings in shares of MongoDB by 47.2% during 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 during the last quarter. Avestar Capital LLC increased its holdings in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after acquiring an additional 42 shares during the last quarter. Aigen Investment Management LP boosted its stake in MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after purchasing an additional 55 shares during the period. Perigon Wealth Management LLC boosted its stake in MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after purchasing an additional 66 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in MongoDB by 1.6% during the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MDB. DA Davidson raised their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group reduced their price objective on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Wells Fargo & Company downgraded MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Finally, Wedbush cut their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.70.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the transaction, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,139 shares of company stock worth $11,328,869. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Down 0.4 %

Shares of MongoDB stock opened at $189.30 on Friday. MongoDB, Inc. has a 12 month low of $173.13 and a 12 month high of $387.19. The business has a fifty day simple moving average of $252.02 and a 200 day simple moving average of $270.33. The stock has a market cap of $14.10 billion, a PE ratio of -69.09 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the firm earned $0.86 earnings per share. Analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.