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Banque Cantonale Vaudoise lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 9.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,307 shares of the company’s stock after selling 130 shares during the period. Banque Cantonale Vaudoise’s holdings in MongoDB were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of MongoDB by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,258,298 shares of the company’s stock worth $2,143,029,000 after acquiring an additional 24,197 shares during the period. Vanguard Group Inc. lifted its stake in MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares during the last quarter. Franklin Resources Inc. lifted its stake in MongoDB by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,346,625 shares of the company’s stock valued at $349,449,000 after purchasing an additional 123,431 shares during the last quarter. State Street Corp lifted its stake in MongoDB by 0.6% in the 1st quarter. State Street Corp now owns 1,343,657 shares of the company’s stock valued at $596,033,000 after purchasing an additional 7,389 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in MongoDB by 19.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock valued at $450,095,000 after purchasing an additional 166,400 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
Insiders Place Their Bets
In other MongoDB news, insider Thomas Bull sold 502 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $198.84, for a total value of $99,817.68. Following the completion of the sale, the insider now directly owns 16,602 shares in the company, valued at $3,301,141.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $208.65, for a total value of $245,163.75. Following the completion of the sale, the director now directly owns 7,674 shares in the company, valued at $1,601,180.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Bull sold 502 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $198.84, for a total transaction of $99,817.68. Following the completion of the transaction, the insider now directly owns 16,602 shares in the company, valued at $3,301,141.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,846 shares of company stock worth $11,956,703. 5.70% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages recently commented on MDB. JMP Securities raised shares of MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 price objective for the company in a research note on Wednesday, December 7th. Truist Financial began coverage on shares of MongoDB in a research note on Friday, September 30th. They issued a “buy” rating and a $300.00 price objective for the company. Wedbush began coverage on shares of MongoDB in a research note on Wednesday, December 14th. They issued an “outperform” rating and a $240.00 price objective for the company. Stifel Nicolaus dropped their price objective on shares of MongoDB from $340.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, September 1st. Finally, Tigress Financial dropped their price objective on shares of MongoDB from $575.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. Three investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $270.00.
MongoDB Trading Up 0.7 %
MDB opened at $197.47 on Tuesday. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $570.58. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66. The company has a fifty day moving average of $174.41 and a 200-day moving average of $239.16. The stock has a market cap of $13.68 billion, a PE ratio of -36.77 and a beta of 1.02.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Get Rating).
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