AGF Management Ltd. Purchases New Shares in MongoDB, Inc. (NASDAQ:MDB)

AGF Management Ltd. purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,415 shares of the company’s stock, valued at approximately $1,493,000.

Several other institutional investors have also modified their holdings of the stock. Hilltop National Bank grew its position in shares of MongoDB by 47.2% in 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 period. Avestar Capital LLC grew its position in shares of MongoDB by 2.0% in the fourth 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 period. Aigen Investment Management LP lifted its stake in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after buying an additional 55 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in MongoDB by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 169 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,314 shares of company stock valued at $12,981,833. Insiders own 3.60% of the company’s stock.

MongoDB Stock Up 0.1 %

Shares of MDB opened at $185.37 on Friday. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The firm’s 50 day moving average price is $256.72 and its 200 day moving average price is $272.06. The company has a market cap of $13.80 billion, a P/E ratio of -67.65 and a beta of 1.30.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MDB shares. Loop Capital lowered their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Oppenheimer lowered their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Scotiabank restated a “sector perform” rating and set a $240.00 price target (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Citigroup restated a “buy” rating on shares of MongoDB in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

MongoDB 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.