MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,713 shares of the company’s stock after purchasing an additional 89 shares during the period. Amalgamated Bank’s holdings in MongoDB were worth $1,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDB. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new position in MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the 3rd quarter valued at about $44,000. Finally, Versant Capital Management Inc boosted its stake in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 3.1 %

NASDAQ MDB opened at $259.02 on Tuesday. The company’s fifty day simple moving average is $263.05 and its 200-day simple moving average is $275.34. The stock has a market cap of $19.29 billion, a P/E ratio of -94.53 and a beta of 1.28. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $443.09.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,314 shares of company stock valued at $12,525,863. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, December 9th. DA Davidson increased their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. China Renaissance started coverage on MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective on the stock. Royal Bank of Canada upped their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $359.33.

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.