Point72 Hong Kong Ltd Boosts Holdings in MongoDB, Inc. (NASDAQ:MDB)

Point72 Hong Kong Ltd increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,599 shares of the company’s stock after purchasing an additional 4,141 shares during the period. Point72 Hong Kong Ltd’s holdings in MongoDB were worth $7,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in MongoDB during the fourth quarter valued at $606,000. Union Bancaire Privee UBP SA acquired a new stake in shares of MongoDB in the fourth quarter valued at about $3,515,000. HighTower Advisors LLC grew its position in shares of MongoDB by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after purchasing an additional 372 shares during the period. Nisa Investment Advisors LLC grew its position in shares of MongoDB by 428.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after purchasing an additional 4,665 shares during the period. Finally, Covea Finance acquired a new stake in shares of MongoDB in the fourth quarter valued at about $3,841,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $193.74 on Thursday. The company has a market cap of $15.73 billion, a PE ratio of -70.71 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $379.06. The company has a 50-day simple moving average of $174.68 and a 200-day simple moving average of $240.73.

MongoDB (NASDAQ:MDB) last released its 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business posted $0.86 earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

MDB has been the topic of several research reports. China Renaissance initiated coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target on the stock. Redburn Atlantic raised shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target on the stock in a research note on Thursday, April 17th. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Bank of America reduced their target price on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $294.78.

Insider Buying and Selling

In other news, CFO Srdjan Tanjga sold 525 shares of MongoDB 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 owns 6,406 shares in the company, valued at $1,109,903.56. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,423 shares of company stock valued at $7,148,369. Insiders own 3.60% of the company’s stock.

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.