Tealwood Asset Management Inc. Makes New $243,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Tealwood Asset Management Inc. bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,045 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Geode Capital Management LLC grew its stake in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP increased its position in MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after buying an additional 7,526 shares during the period. Thrivent Financial for Lutherans lifted its stake in MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after buying an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after acquiring an additional 66,730 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Down 2.1 %

MongoDB stock opened at $240.19 on Tuesday. The firm’s 50-day simple moving average is $281.31 and its 200 day simple moving average is $269.56. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $17.89 billion, a PE ratio of -87.66 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter last year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, research analysts expect that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on MDB. Barclays reduced their price target on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. KeyCorp increased their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus boosted their target price on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $364.64.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $269.57, for a total transaction of $808,710.00. Following the transaction, the director now directly owns 1,127,006 shares in the company, valued at $303,807,007.42. This represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 2,581 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the transaction, the chief executive officer now owns 217,294 shares in the company, valued at approximately $50,866,352.46. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,776 shares of company stock worth $6,577,625. 3.60% of the stock is owned by insiders.

MongoDB Company Profile

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.