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Capital CS Group LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,166 shares of the company’s stock, valued at approximately $479,000. MongoDB accounts for about 0.5% of Capital CS Group LLC’s portfolio, making the stock its 21st largest position.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC increased its stake in MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after buying an additional 104 shares during the period. Bessemer Group Inc. purchased a new stake in MongoDB during the 4th quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MongoDB during the 4th quarter worth approximately $30,000. Manchester Capital Management LLC purchased a new stake in MongoDB during the 1st quarter worth approximately $36,000. Finally, Clearstead Advisors LLC purchased a new stake in MongoDB during the 1st quarter worth approximately $36,000. 88.89% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on MDB. Argus upped their target price on shares of MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Macquarie boosted their price target on shares of MongoDB from $434.00 to $456.00 in a report on Friday, September 1st. Tigress Financial boosted their price target on shares of MongoDB from $365.00 to $490.00 in a report on Wednesday, June 28th. JMP Securities boosted their price target on shares of MongoDB from $425.00 to $440.00 and gave the stock a “market outperform” rating in a report on Friday, September 1st. Finally, Piper Sandler boosted their price target on shares of MongoDB from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. One research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $418.08.
Read Our Latest Analysis on MongoDB
MongoDB Stock Down 1.0 %
Shares of NASDAQ:MDB opened at $362.13 on Friday. The stock has a market cap of $25.84 billion, a P/E ratio of -104.66 and a beta of 1.11. The firm has a fifty day moving average price of $385.82 and a 200 day moving average price of $316.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00.
Insider Buying and Selling
In related news, CRO Cedric Pech sold 360 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the sale, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the transaction, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $407.11, for a total transaction of $1,628,440.00. Following the transaction, the director now owns 1,214,765 shares of the company’s stock, valued at approximately $494,542,979.15. The disclosure for this sale can be found here. Insiders sold a total of 97,520 shares of company stock worth $39,180,574 in the last 90 days. Company 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.
See Also
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 – Free Report).
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