859 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by TFB Advisors LLC

TFB Advisors LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 859 shares of the company’s stock, valued at approximately $321,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in MongoDB during the fourth quarter worth approximately $326,237,000. Jennison Associates LLC increased its holdings in shares of MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after acquiring an additional 551,567 shares during the last quarter. Axiom Investors LLC DE bought a new stake in MongoDB in the 4th quarter valued at $153,990,000. Clearbridge Investments LLC raised its stake in MongoDB by 10,827.8% in the 4th quarter. Clearbridge Investments LLC now owns 212,983 shares of the company’s stock valued at $87,078,000 after acquiring an additional 211,034 shares during the period. Finally, First Trust Advisors LP lifted its holdings in MongoDB by 59.3% during the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock valued at $224,480,000 after purchasing an additional 204,284 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and set a $290.00 price objective on shares of MongoDB in a research report on Thursday, June 13th. KeyCorp dropped their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Finally, Bank of America lowered their price target on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.30.

Insider Buying and Selling at MongoDB

In related news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the sale, the executive now owns 35,719 shares in the company, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the transaction, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,179 shares of company stock worth $8,274,689. 3.60% of the stock is owned by corporate insiders.

MongoDB Trading Down 1.7 %

NASDAQ MDB traded down $4.33 during trading hours on Wednesday, hitting $246.18. 2,353,228 shares of the company’s stock were exchanged, compared to its average volume of 1,551,558. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $287.41 and a 200 day simple moving average of $357.76. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of -87.61 and a beta of 1.13.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. On average, equities analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

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.