Kazazian Asset Management LLC Buys Shares of 5,278 MongoDB, Inc. (NASDAQ:MDB)

Kazazian Asset Management LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,278 shares of the company’s stock, valued at approximately $1,229,000. MongoDB makes up approximately 0.9% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new position in MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC boosted its holdings in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. NCP Inc. acquired a new position in MongoDB in the fourth quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB in the third quarter valued at approximately $44,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Wedbush lowered their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Loop Capital reduced their price objective on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, Piper Sandler reduced their price objective on MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the sale, the director now owns 1,109,006 shares of the company’s stock, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock valued at $11,328,869 in the last 90 days. 3.60% of the stock is currently owned by insiders.

MongoDB Price Performance

Shares of MDB stock opened at $188.68 on Wednesday. The business’s fifty day moving average price is $254.38 and its 200 day moving average price is $271.46. MongoDB, Inc. has a 1-year low of $173.13 and a 1-year high of $387.19. The firm has a market capitalization of $14.05 billion, a PE ratio of -68.86 and a beta of 1.30.

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