Versant Capital Management Inc Buys 165 Shares of MongoDB, Inc. (NASDAQ:MDB)

Versant Capital Management Inc lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 1,100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180 shares of the company’s stock after purchasing an additional 165 shares during the quarter. Versant Capital Management Inc’s holdings in MongoDB were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in MongoDB by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock valued at $1,648,000 after acquiring an additional 160 shares in the last quarter. Tidal Investments LLC raised its stake in shares of MongoDB by 76.8% in the third quarter. Tidal Investments LLC now owns 7,859 shares of the company’s stock worth $2,125,000 after purchasing an additional 3,415 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB during the third quarter valued at $44,000. Virtu Financial LLC boosted its position in shares of MongoDB by 351.2% during the third quarter. Virtu Financial LLC now owns 10,016 shares of the company’s stock valued at $2,708,000 after buying an additional 7,796 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in MongoDB in the 3rd quarter worth about $5,840,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Loop Capital upped their target price on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Mizuho increased their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. DA Davidson increased their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays upped their price objective on MongoDB from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $367.14.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,161 shares of company stock valued at $8,700,776. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Up 2.6 %

Shares of MDB stock opened at $252.86 on Tuesday. The stock has a market cap of $18.83 billion, a P/E ratio of -92.28 and a beta of 1.25. The company’s fifty day simple moving average is $284.11 and its two-hundred day simple moving average is $269.17. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

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.