Bridgefront Capital LLC Has $1.20 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

by · The Markets Daily

Bridgefront Capital LLC increased its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 229.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,166 shares of the company’s stock after purchasing an additional 3,598 shares during the quarter. Bridgefront Capital LLC’s holdings in MongoDB were worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. OneDigital Investment Advisors LLC raised its position in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after purchasing an additional 39 shares during the period. Hilltop National Bank lifted its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Avestar Capital LLC grew its holdings in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares during the last quarter. Aigen Investment Management LP boosted its holdings in MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in shares of MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. Truist Financial dropped their price target on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Mizuho cut their price target on MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Canaccord Genuity Group cut their target price on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley lowered their target price on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.78.

Read Our Latest Analysis on MDB

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % 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 18,512 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the completion of the transaction, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,345 shares of company stock valued at $7,687,310 in the last ninety days. Insiders own 3.60% of the company’s stock.

MongoDB Stock Down 0.3 %

Shares of NASDAQ MDB opened at $171.64 on Monday. The business has a 50-day moving average price of $184.75 and a 200 day moving average price of $244.79. The stock has a market cap of $13.94 billion, a PE ratio of -62.64 and a beta of 1.49. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06.

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

About MongoDB

(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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