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Cambridge Investment Research Advisors Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,748 shares of the company’s stock after buying an additional 298 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in MongoDB were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB in the fourth quarter valued at $29,000. Coppell Advisory Solutions LLC boosted its holdings in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after purchasing an additional 182 shares during the period. Smartleaf Asset Management LLC boosted its holdings in MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock valued at $87,000 after purchasing an additional 134 shares during the period. J.Safra Asset Management Corp boosted its holdings in MongoDB by 72.0% in the fourth quarter. J.Safra Asset Management Corp now owns 387 shares of the company’s stock valued at $91,000 after purchasing an additional 162 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in MongoDB in the fourth quarter valued at $97,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Daiwa Capital Markets assumed coverage on MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price for the company. The Goldman Sachs Group decreased their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday, March 6th. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Thursday, June 26th. Truist Financial decreased their price target on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Daiwa America raised MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.47.

Check Out Our Latest Stock Report on MongoDB

MongoDB Stock Up 3.2%

Shares of MDB stock opened at $211.05 on Friday. The stock has a market capitalization of $17.24 billion, a PE ratio of -185.13 and a beta of 1.41. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The stock’s 50-day moving average price is $194.66 and its 200 day moving average price is $215.72.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $527.49 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the sale, the director owned 1,107,006 shares of the company’s stock, valued at $259,039,404. The trade was a 0.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,999 shares of company stock worth $6,728,127. Company insiders own 3.10% of the company’s stock.

About MongoDB

(Free Report)

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.

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