MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP increased its position in MongoDB, Inc. (NASDAQ:MDB) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,377 shares of the company’s stock after acquiring an additional 4,009 shares during the period. Westfield Capital Management Co. LP owned approximately 0.20% of MongoDB worth $60,255,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC grew its position in MongoDB by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after buying an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in MongoDB by 12.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after buying an additional 25 shares in the last quarter. Insigneo Advisory Services LLC grew its position in MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after buying an additional 30 shares in the last quarter. Yousif Capital Management LLC grew its position in MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after buying an additional 30 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MDB shares. KeyCorp decreased their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Citigroup raised their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus restated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. Needham & Company LLC restated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Friday, May 3rd. Finally, Redburn Atlantic restated a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $444.57.

MongoDB Stock Down 1.5 %

MDB traded down $5.44 during midday trading on Friday, hitting $349.74. 1,336,915 shares of the company’s stock traded hands, compared to its average volume of 958,648. The company has a market cap of $25.47 billion, a PE ratio of -141.02 and a beta of 1.19. The stock’s fifty day simple moving average is $357.70 and its 200-day simple moving average is $392.98. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB, Inc. has a one year low of $273.00 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last issued 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 business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 17,160 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the sale, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is currently owned by corporate insiders.

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.