HB Wealth Management LLC Acquires 165 Shares of MongoDB, Inc. (NASDAQ:MDB)

HB Wealth Management LLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 805 shares of the company’s stock after purchasing an additional 165 shares during the quarter. HB Wealth Management LLC’s holdings in MongoDB were worth $329,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in MongoDB during the 2nd quarter worth approximately $27,000. Bessemer Group Inc. bought a new stake in shares of MongoDB in the 4th quarter valued at $29,000. BluePath Capital Management LLC bought a new stake in shares of MongoDB in the 3rd quarter valued at $30,000. Cullen Frost Bankers Inc. bought a new stake in shares of MongoDB in the 3rd quarter valued at $35,000. Finally, AM Squared Ltd bought a new stake in shares of MongoDB in the 3rd quarter valued at $35,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now directly owns 25,425 shares in the company, valued at $10,170,000. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total value of $499,200.00. Following the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The disclosure for this sale can be found here. Insiders have sold a total of 54,607 shares of company stock worth $23,116,062 over the last ninety days. Company insiders own 4.80% of the company’s stock.

MongoDB Trading Down 0.0 %

Shares of MDB opened at $358.64 on Friday. The business’s 50-day moving average price is $415.43 and its 200-day moving average price is $390.13. MongoDB, Inc. has a twelve month low of $198.72 and a twelve month high of $509.62. The stock has a market cap of $25.89 billion, a PE ratio of -144.61 and a beta of 1.24. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Piper Sandler lifted their price objective on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Mizuho lifted their price target on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Truist Financial lifted their price target on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. UBS Group reissued a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $449.85.

MongoDB Company Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.