Keybank National Association OH increased its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 58.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,126 shares of the company’s stock after purchasing an additional 1,892 shares during the period. Keybank National Association OH’s holdings in MongoDB were worth $899,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MDB. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB in the fourth quarter worth $29,000. Coppell Advisory Solutions LLC increased its position in MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC increased its position in MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock valued at $87,000 after acquiring an additional 134 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in MongoDB during the fourth quarter valued at $97,000. Finally, Fifth Third Bancorp increased its position in MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company’s stock valued at $100,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the company’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 transaction of $236,067.92. Following the completion of the sale, the director owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 820 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total value of $172,888.80. Following the sale, the director owned 1,106,186 shares of the company’s stock, valued at $233,228,256.24. This trade represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,999 shares of company stock worth $6,728,127. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MDB. Guggenheim boosted their price objective on shares of MongoDB from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Loop Capital cut shares of MongoDB from a “buy” rating to a “hold” rating and cut their price objective for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th. Citigroup cut their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Monness Crespi & Hardt upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price target on the stock in a report on Thursday, June 5th. Finally, Daiwa Capital Markets initiated coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price target on the stock. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.47.

Check Out Our Latest Report on MDB

MongoDB Stock Performance

Shares of MongoDB stock opened at $211.05 on Friday. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The company has a market cap of $17.24 billion, a PE ratio of -185.13 and a beta of 1.41. The business has a 50-day simple moving average of $195.41 and a 200-day simple moving average of $215.08.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal 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

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).

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

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.