MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,921 shares of the company’s stock after buying an additional 871 shares during the period. Advisory Services Network LLC’s holdings in MongoDB were worth $2,841,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TFB Advisors LLC acquired a new position in MongoDB in the 1st quarter worth approximately $321,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of MongoDB by 55.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,374 shares of the company’s stock valued at $493,000 after buying an additional 491 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in MongoDB during the first quarter valued at $1,078,000. Whittier Trust Co. of Nevada Inc. raised its position in MongoDB by 5.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 13,932 shares of the company’s stock valued at $4,996,000 after buying an additional 736 shares during the period. Finally, Whittier Trust Co. lifted its stake in MongoDB by 4.2% in the 1st quarter. Whittier Trust Co. now owns 28,380 shares of the company’s stock worth $10,178,000 after acquiring an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, CRO Cedric Pech sold 273 shares of the 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 completion of the transaction, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares of the company’s stock, valued at approximately $198,256,018.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the sale, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. Insiders have sold 35,179 shares of company stock valued at $9,535,839 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MDB. KeyCorp dropped their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Tigress Financial cut their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group lowered their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company dropped their price objective on MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, Bank of America reduced their target price on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.74.

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $3.30 during mid-day trading on Friday, hitting $252.08. The company had a trading volume of 429,537 shares, compared to its average volume of 1,541,471. MongoDB, Inc. has a 12 month low of $214.74 and a 12 month high of $509.62. The firm has a market cap of $18.49 billion, a P/E ratio of -88.59 and a beta of 1.13. The business’s 50-day simple moving average is $285.12 and its 200-day simple moving average is $357.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. As a group, analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

MongoDB 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.