Schf GPE LLC purchased a new position in Mongodb Inc (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 798,088 shares of the company’s stock, valued at approximately $23,687,000. Mongodb comprises 18.3% of Schf GPE LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other hedge funds have also bought and sold shares of MDB. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Mongodb in the fourth quarter worth $37,571,000. CI Investments Inc. bought a new stake in shares of Mongodb in the fourth quarter worth $2,226,000. Thompson Davis & CO. Inc. bought a new stake in shares of Mongodb in the fourth quarter worth $103,000. Essex Investment Management Co. LLC bought a new stake in shares of Mongodb in the fourth quarter worth $2,127,000. Finally, Brighton Jones LLC bought a new stake in shares of Mongodb in the fourth quarter worth $214,000. Hedge funds and other institutional investors own 3.18% of the company’s stock.

Shares of Mongodb Inc (NASDAQ MDB) opened at $28.15 on Wednesday. Mongodb Inc has a fifty-two week low of $24.62 and a fifty-two week high of $34.00.

Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.90). The business had revenue of $41.50 million during the quarter, compared to analyst estimates of $37.21 million. Mongodb’s revenue for the quarter was up 57.8% on a year-over-year basis. equities analysts forecast that Mongodb Inc will post -1.9 EPS for the current year.

Several analysts recently commented on MDB shares. Needham & Company LLC started coverage on Mongodb in a report on Monday, October 23rd. They issued a “hold” rating for the company. Canaccord Genuity Group started coverage on Mongodb in a report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price objective for the company. Stifel Nicolaus started coverage on Mongodb in a report on Monday, November 13th. They issued a “buy” rating and a $34.00 price objective for the company. Zacks Investment Research raised Mongodb from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, January 19th. Finally, Morgan Stanley cut their price objective on Mongodb from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.33.

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Mongodb Company Profile

MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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