SG Americas Securities LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1,230.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 24,997 shares of the company’s stock after buying an additional 23,118 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $4,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Trail Advisors LLC bought a new position in shares of MongoDB in the 4th quarter worth approximately $224,000. Allspring Global Investments Holdings LLC raised its position in shares of MongoDB by 9.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 191,115 shares of the company’s stock worth $46,691,000 after acquiring an additional 15,825 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of MongoDB in the 4th quarter worth approximately $211,000. Stanley Laman Group Ltd. bought a new position in shares of MongoDB in the 4th quarter worth approximately $7,520,000. Finally, Avestar Capital LLC raised its position in shares of MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $468,000.00. Following the completion of the sale, the director now owns 1,107,006 shares in the company, valued at approximately $259,039,404. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now directly owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,208 shares of company stock worth $10,167,739 over the last quarter. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho reduced their price objective on MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Daiwa America raised MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Piper Sandler lifted their price objective on MongoDB from $200.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, June 5th. Loop Capital lowered MongoDB from a “buy” rating to a “hold” rating and cut their price objective for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Cantor Fitzgerald lifted their price objective on MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $282.47.

View Our Latest Research Report on MongoDB

MongoDB Price Performance

Shares of MDB stock opened at $210.66 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock’s 50 day simple moving average is $179.38 and its two-hundred day simple moving average is $227.94. The company has a market cap of $17.10 billion, a PE ratio of -76.88 and a beta of 1.39.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.