Selz Capital LLC purchased a new position in Mongodb Inc (NASDAQ:MDB) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 47,200 shares of the company’s stock, valued at approximately $6,211,000.

Several other large investors also recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Mongodb by 100.0% in the 2nd quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Mongodb by 79.4% during the third quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of Mongodb by 5.8% in the 3rd quarter. Kovack Advisors Inc. now owns 1,930 shares of the company’s stock valued at $233,000 after purchasing an additional 105 shares during the period. Concorde Asset Management LLC boosted its position in shares of Mongodb by 1.6% in the 3rd quarter. Concorde Asset Management LLC now owns 6,804 shares of the company’s stock valued at $820,000 after purchasing an additional 109 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Mongodb by 10.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,050 shares of the company’s stock worth $246,000 after purchasing an additional 199 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

Several research firms have issued reports on MDB. Nomura boosted their price objective on Mongodb from $76.00 to $78.00 and gave the stock a “reduce” rating in a report on Tuesday, December 10th. Piper Jaffray Companies initiated coverage on shares of Mongodb in a report on Monday, October 28th. They issued an “overweight” rating and a $158.00 target price for the company. DA Davidson reissued a “positive” rating and issued a $143.00 target price on shares of Mongodb in a research report on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Mongodb from $160.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Zacks Investment Research upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $161.64.

In other Mongodb news, CFO Michael Lawrence Gordon sold 10,000 shares of Mongodb stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $125.90, for a total transaction of $1,259,000.00. Following the completion of the sale, the chief financial officer now owns 109,773 shares of the company’s stock, valued at approximately $13,820,420.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Bull sold 5,000 shares of Mongodb stock in a transaction on Monday, December 16th. The shares were sold at an average price of $130.60, for a total transaction of $653,000.00. Following the sale, the insider now directly owns 21,028 shares of the company’s stock, valued at approximately $2,746,256.80. The disclosure for this sale can be found here. Insiders sold 189,671 shares of company stock valued at $25,465,133 over the last three months. 40.04% of the stock is owned by insiders.

Mongodb stock traded down $2.66 during mid-day trading on Thursday, hitting $150.99. The company’s stock had a trading volume of 23,309 shares, compared to its average volume of 1,079,636. Mongodb Inc has a 52-week low of $72.00 and a 52-week high of $184.78. The company has a market cap of $8.67 billion, a PE ratio of -87.87 and a beta of 0.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.57 and a quick ratio of 2.57. The firm’s 50 day moving average is $136.75 and its 200 day moving average is $138.72.

Mongodb (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.32. The company had revenue of $109.40 million for the quarter, compared to analysts’ expectations of $97.47 million. Mongodb had a negative return on equity of 46.17% and a negative net margin of 35.22%. The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.30) EPS. As a group, analysts forecast that Mongodb Inc will post -2.32 EPS for the current year.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading: What is FinTech?

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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