BlueCrest Capital Management Ltd Invests $594,000 in Mongodb Inc (MDB) Stock

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.

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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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About Mongodb

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.

Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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