NCP Inc. Invests $35,000 in MongoDB, Inc. (NASDAQ:MDB)

NCP Inc. acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, HoldingsChannel reports. The fund acquired 150 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDB. Nisa Investment Advisors LLC increased its stake in MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after acquiring an additional 40 shares during the last quarter. Hilltop National Bank increased its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC increased its position in MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Rakuten Securities Inc. increased its position in MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after purchasing an additional 47 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after purchasing an additional 59 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDB. The Goldman Sachs Group increased their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their price target on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. KeyCorp increased their target price on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Macquarie assumed coverage on MongoDB in a research note on Thursday, December 12th. They issued a “neutral” rating and a $300.00 target price for the company. Finally, Morgan Stanley increased their target price on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Stock Performance

NASDAQ MDB opened at $259.71 on Wednesday. The company has a 50-day simple moving average of $261.74 and a 200-day simple moving average of $274.54. MongoDB, Inc. has a one year low of $212.74 and a one year high of $459.27. The firm has a market capitalization of $19.34 billion, a PE ratio of -94.78 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the firm posted $0.96 earnings per share. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the sale, the director now directly owns 83,845 shares of the company’s stock, valued at $24,486,932.25. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,979 shares of company stock valued at $11,265,417 in the last ninety days. Company insiders own 3.60% of the company’s stock.

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.