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Graham Capital Management L.P. lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 23.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,458 shares of the company’s stock after selling 441 shares during the quarter. Graham Capital Management L.P.’s holdings in MongoDB were worth $504,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after buying an additional 121,201 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after acquiring an additional 1,745,231 shares during the last quarter. State Street Corp boosted its stake in shares of MongoDB by 1.8% in the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after purchasing an additional 24,595 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in MongoDB by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,000,665 shares of the company’s stock worth $410,567,000 after purchasing an additional 33,376 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Stock Performance
MongoDB stock opened at $355.44 on Friday. The stock’s 50 day moving average is $421.71 and its 200 day moving average is $391.90. The company has a market capitalization of $25.65 billion, a P/E ratio of -143.32 and a beta of 1.24. MongoDB, Inc. has a twelve month low of $198.72 and a twelve month high of $509.62. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MDB. Truist Financial raised their price objective on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. TheStreet raised MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Citigroup raised their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Stifel Nicolaus reissued a “buy” rating and set a $450.00 price target on shares of MongoDB in a research report on Monday, December 4th. Finally, KeyCorp boosted their price objective on shares of MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $456.19.
Read Our Latest Research Report on MDB
Insider Transactions at MongoDB
In other news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $465.37, for a total value of $930,740.00. Following the completion of the transaction, the director now owns 1,166,784 shares in the company, valued at $542,986,270.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the sale, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,607 shares of company stock valued at $23,116,062. Insiders own 4.80% of the company’s stock.
About MongoDB
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.
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