Teza Capital Management LLC Raises Stake in MongoDB, Inc. (NASDAQ:MDB)

Teza Capital Management LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 102.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,856 shares of the company’s stock after purchasing an additional 3,465 shares during the period. Teza Capital Management LLC’s holdings in MongoDB were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in MongoDB in the 4th quarter worth approximately $189,584,000. Marshall Wace LLP purchased a new stake in MongoDB in the 4th quarter worth approximately $110,356,000. Raymond James Financial Inc. acquired a new position in shares of MongoDB during the 4th quarter worth approximately $90,478,000. D1 Capital Partners L.P. acquired a new position in shares of MongoDB during the 4th quarter worth approximately $76,129,000. Finally, Amundi raised its stake in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 0.4%

NASDAQ MDB opened at $191.29 on Monday. The stock has a market cap of $15.53 billion, a PE ratio of -69.81 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $379.06. The stock has a fifty day simple moving average of $174.91 and a 200-day simple moving average of $238.95.

MongoDB (NASDAQ:MDB) 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). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the business earned $0.86 earnings per share. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDB. The Goldman Sachs Group reduced their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Scotiabank reaffirmed a “sector perform” rating and set a $160.00 target price (down from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Wells Fargo & Company downgraded MongoDB from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Finally, Morgan Stanley reduced their target price on MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.91.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was 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 $2,529,103.50. This trade represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,423 shares of company stock worth $7,148,369 in the last three months. 3.60% of the stock is owned by company insiders.

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.