Oxford Asset Management LLP Purchases New Position in MongoDB, Inc. (NASDAQ:MDB)

by · The Cerbat Gem

Oxford Asset Management LLP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,394 shares of the company’s stock, valued at approximately $325,000.

Several other hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB during the 4th quarter worth about $29,000. Hilltop National Bank grew its stake 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 purchasing an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in MongoDB by 1,100.0% in 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. Finally, Wilmington Savings Fund Society FSB acquired a new position in MongoDB during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $1,109,903.56. The trade was a 7.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $60,840,147.06. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,680 shares of company stock worth $10,819,027. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDB shares. Scotiabank restated a “sector perform” rating and set a $160.00 target price (down previously from $240.00) on shares of MongoDB in a research report on Friday. Needham & Company LLC dropped their price target on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Morgan Stanley cut their price target on MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Daiwa Capital Markets assumed coverage on MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $294.78.

Check Out Our Latest Analysis on MDB

MongoDB Trading Up 0.2 %

Shares of NASDAQ MDB opened at $173.50 on Monday. The business’s 50 day moving average is $195.15 and its 200-day moving average is $248.65. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $387.19. The firm has a market cap of $14.09 billion, a P/E ratio of -63.32 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the firm posted $0.86 EPS. Analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Company Profile

(Free Report)

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.

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