BlueCrest Capital Management Ltd bought a new stake in Mongodb Inc (NASDAQ:MDB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $594,000.
Other large investors have also recently added to or reduced their stakes in the company. Nicholas Investment Partners LP acquired a new position in shares of Mongodb during the 4th quarter valued at about $1,765,000. Rudman Errol M acquired a new position in shares of Mongodb during the 4th quarter valued at about $1,959,000. Salesforce Com Inc. acquired a new position in shares of Mongodb during the 4th quarter valued at about $1,331,000. Union Square GP 2008 L.L.C. acquired a new position in shares of Mongodb during the 4th quarter valued at about $117,307,000. Finally, Geode Capital Management LLC acquired a new position in shares of Mongodb during the 4th quarter valued at about $2,864,000. Institutional investors own 26.80% of the company’s stock.
MDB has been the subject of a number of research analyst reports. Canaccord Genuity initiated coverage on shares of Mongodb in a research note on Wednesday, December 13th. They set a “buy” rating for the company. Needham & Company LLC raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Saturday, January 13th. Stifel Nicolaus increased their target price on shares of Mongodb from $34.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Finally, Morgan Stanley dropped their target price on shares of Mongodb from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.78.
Shares of Mongodb stock traded down $2.23 on Friday, hitting $40.77. 293,434 shares of the company’s stock traded hands, compared to its average volume of 722,866. The stock has a market cap of $2,174.73 and a P/E ratio of -23.43. Mongodb Inc has a 52-week low of $24.62 and a 52-week high of $46.26.
Mongodb (NASDAQ:MDB) last released its earnings results on Tuesday, March 13th. The company reported ($0.40) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.03. The business had revenue of $45.00 million for the quarter, compared to analysts’ expectations of $42.60 million. The company’s quarterly revenue was up 50.5% on a year-over-year basis. equities analysts forecast that Mongodb Inc will post -1.63 EPS for the current year.
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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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