Parametrica Management Ltd Takes $365,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Parametrica Management Ltd purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,568 shares of the company’s stock, valued at approximately $365,000. MongoDB accounts for 0.5% of Parametrica Management Ltd’s holdings, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. bought a new stake in MongoDB during the 4th quarter worth approximately $35,000. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the third quarter worth approximately $36,000. Continuum Advisory LLC lifted its holdings in shares of 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. Finally, Versant Capital Management Inc boosted its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the sale, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This trade represents a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,139 shares of company stock worth $11,328,869. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of analyst reports. Truist Financial lowered their price target on MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Piper Sandler dropped their price target on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Bank of America reduced their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Barclays dropped their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Finally, UBS Group set a $350.00 target price on MongoDB in a report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $320.70.

MongoDB Stock Performance

MongoDB stock opened at $198.66 on Wednesday. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The firm’s fifty day moving average price is $249.24 and its 200-day moving average price is $268.17. The stock has a market cap of $14.79 billion, a P/E ratio of -72.50 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.86 EPS. On average, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.