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1832 Asset Management L.P. reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 977,500 shares of the company’s stock after selling 40,500 shares during the period. 1832 Asset Management L.P. owned 1.40% of MongoDB worth $227,875,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. SVB Wealth LLC purchased a new stake in MongoDB in the first quarter worth about $261,000. Wetherby Asset Management Inc. lifted its holdings in MongoDB by 14.1% in the first quarter. Wetherby Asset Management Inc. now owns 1,299 shares of the company’s stock worth $303,000 after buying an additional 161 shares during the period. Stifel Financial Corp lifted its position in MongoDB by 3.3% during the first quarter. Stifel Financial Corp now owns 64,245 shares of the company’s stock valued at $14,977,000 after buying an additional 2,029 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in MongoDB by 11.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,480 shares of the company’s stock valued at $6,639,000 after buying an additional 3,000 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of MongoDB by 26.8% during the first quarter. Great West Life Assurance Co. Can now owns 63,574 shares of the company’s stock valued at $14,839,000 after purchasing an additional 13,444 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Guggenheim lifted their target price on shares of MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a report on Friday, September 1st. Capital One Financial started coverage on shares of MongoDB in a report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price objective for the company. Piper Sandler boosted their target price on MongoDB from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Finally, Truist Financial raised their price target on MongoDB from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.08.
Read Our Latest Report on MongoDB
MongoDB Price Performance
NASDAQ MDB traded up $0.88 on Friday, reaching $378.42. The company had a trading volume of 451,284 shares, compared to its average volume of 1,696,444. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.19 and a current ratio of 4.48. The firm’s 50 day moving average price is $389.53 and its 200 day moving average price is $308.62. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $439.00.
Insider Buying and Selling at MongoDB
In other MongoDB news, CRO Cedric Pech sold 360 shares of MongoDB stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $389.50, for a total transaction of $2,337,000.00. Following the transaction, the director now owns 1,201,159 shares of the company’s stock, valued at approximately $467,851,430.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $146,444.40. Following the transaction, the executive now directly owns 37,156 shares in the company, valued at approximately $15,114,689.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,551 shares of company stock worth $33,875,952. Insiders own 4.80% of the company’s stock.
MongoDB 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.
Further Reading
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