Roth Financial Partners LLC Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Roth Financial Partners LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 500 shares of the company’s stock, valued at approximately $204,000. MongoDB comprises 0.1% of Roth Financial Partners LLC’s investment portfolio, making the stock its 27th largest position.

A number of other large investors have also recently made changes to their positions in MDB. Insigneo Advisory Services LLC raised its holdings in shares of MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after buying an additional 30 shares during the last quarter. Valley National Advisers Inc. lifted its position in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after acquiring an additional 33 shares during the period. Yousif Capital Management LLC grew its stake in shares of MongoDB by 4.8% in the 3rd quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock valued at $264,000 after purchasing an additional 35 shares during the last quarter. Choreo LLC increased its holdings in shares of MongoDB by 3.5% in the third quarter. Choreo LLC now owns 1,076 shares of the company’s stock valued at $372,000 after purchasing an additional 36 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after purchasing an additional 36 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $8.21 during trading on Friday, hitting $327.34. 854,863 shares of the company traded hands, compared to its average volume of 1,372,060. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $394.28 and a 200-day moving average price of $390.06. MongoDB, Inc. has a 1 year low of $212.52 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the transaction, the executive now owns 45,444 shares in the company, valued at approximately $15,819,510.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the sale, the executive now owns 45,444 shares in the company, valued at approximately $15,819,510.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the transaction, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The disclosure for this sale can be found here. In the last three months, insiders sold 92,802 shares of company stock valued at $36,356,911. Company insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. JMP Securities reiterated a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. Citigroup increased their price target on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Finally, KeyCorp cut their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $444.93.

About MongoDB

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.