Stratos Wealth Partners LTD. Acquires New Shares in MongoDB, Inc. (NASDAQ:MDB)

Stratos Wealth Partners LTD. acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 713 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its position in MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock worth $24,759,000 after acquiring an additional 7,510 shares during the last quarter. Nordea Investment Management AB lifted its position in MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after acquiring an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in MongoDB by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock worth $658,000 after acquiring an additional 168 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after acquiring an additional 26,961 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in MongoDB during the 3rd quarter worth $902,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $347.17 on Tuesday. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a 50-day simple moving average of $403.03 and a two-hundred day simple moving average of $390.72. The stock has a market capitalization of $25.28 billion, a price-to-earnings ratio of -139.99 and a beta of 1.19.

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). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold a total of 92,802 shares of company stock valued at $36,356,911 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDB. Guggenheim boosted their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Stifel Nicolaus restated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. Redburn Atlantic restated a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Truist Financial boosted their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Citigroup boosted their price objective on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $448.74.

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.