MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 126.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,388 shares of the company’s stock after acquiring an additional 775 shares during the period. Harvest Fund Management Co. Ltd’s holdings in MongoDB were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Insigneo Advisory Services LLC boosted its position in shares of MongoDB by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after buying an additional 30 shares during the period. Yousif Capital Management LLC boosted its position in shares of MongoDB by 3.9% during the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after buying an additional 30 shares during the period. Valley National Advisers Inc. boosted its position in shares of MongoDB by 5.9% during the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after buying an additional 33 shares during the period. Choreo LLC boosted its position in shares of MongoDB by 3.5% during the third quarter. Choreo LLC now owns 1,076 shares of the company’s stock worth $372,000 after buying an additional 36 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after buying an additional 36 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In other news, CEO Dev Ittycheria sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the sale, the chief executive officer now owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Dev Ittycheria sold 33,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,802 shares of company stock valued at $35,936,911. Corporate insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp reduced their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Loop Capital started coverage on MongoDB in a research report on Tuesday. They issued a “buy” rating and a $415.00 target price for the company. Stifel Nicolaus restated a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Finally, Tigress Financial upped their target price on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.86.

MongoDB Trading Up 0.8 %

NASDAQ:MDB traded up $2.98 during mid-day trading on Wednesday, hitting $369.29. The company’s stock had a trading volume of 1,260,024 shares, compared to its average volume of 1,383,868. MongoDB, Inc. has a fifty-two week low of $212.52 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a fifty day moving average of $385.74 and a 200-day moving average of $390.82.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, equities research analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.

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.