Everpar Advisors LLC Invests $274,000 in MongoDB, Inc. (NASDAQ:MDB)

Everpar Advisors LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 671 shares of the company’s stock, valued at approximately $274,000.

Several other large investors have also modified their holdings of MDB. BluePath Capital Management LLC bought a new stake in shares of MongoDB during the third quarter valued at approximately $30,000. Blue Trust Inc. raised its holdings in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of MongoDB during the third quarter valued at approximately $35,000. AM Squared Ltd bought a new stake in shares of MongoDB during the third quarter valued at approximately $35,000. Finally, Castleview Partners LLC acquired a new position in shares of MongoDB during the third quarter valued at approximately $37,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $465.37, for a total transaction of $930,740.00. Following the transaction, the director now directly owns 1,166,784 shares in the company, valued at $542,986,270.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares in the company, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders have sold a total of 58,802 shares of company stock valued at $22,143,211 over the last quarter. 4.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on MDB shares. JMP Securities restated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Tigress Financial lifted their target price on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. KeyCorp reduced their price objective on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Truist Financial lifted 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $2.11 on Wednesday, hitting $353.20. 731,404 shares of the company were exchanged, compared to its average volume of 1,356,393. The company’s 50 day moving average price is $366.16 and its two-hundred day moving average price is $391.13. MongoDB, Inc. has a one year low of $244.85 and a one year high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of -142.42 and a beta of 1.19.

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

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.