Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquires 14,009 MongoDB, Inc. shares …
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The most recent 13F filing that MongoDB, Inc. made with the SEC revealed that during the third quarter, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased the percentage of its holdings in MongoDB, Inc. (NASDAQ: MDB) by 56.0 percentage points. The company has 39,027 shares in its possession following the purchase of an additional 14,009 shares of the company during the quarter for a total of 39,027 shares. Around 0.06% of MongoDB was held by Mitsubishi UFJ Kokusai Asset Management Co. Ltd. at the end of the most recent quarter. This holding was estimated to be worth $7,749,000 when it was made.
Other institutional investors have been buying and selling shares of MDB recently, indicating that they are active in the market. The amount of MongoDB that Renaissance Technologies LLC could call it’s own increased by 833.6% during the second quarter. Renaissance Technologies LLC now owns 520,000 shares, valued at $134,940,000, due to a recent purchase of 464,300 additional shares made during the most recent trading session. A factor of 905.0 percent was added to Voya Investment Management LLC’s holdings in MongoDB during the second quarter of 2018. Voya Investment Management LLC now owns 346,477 shares of the company’s stock, which have a value of $89,911,000 following the purchase of an additional 312,003 shares during the period in question. These shares have a value of $89,911,000. Over the first three months of the year, Wellington Management Group LLP was able to amass an additional 26.4% of MongoDB shares. After making an additional purchase of 140,260 shares during the most recent period, Wellington Management Group LLP now has 672,545 shares. These shares have a combined value of $298,334,000 because Wellington Management Group LLP now possesses 672,545 shares. During the second quarter of the fiscal year, Franklin Resources Inc. increased the percentage of MongoDB shares it held in its portfolio by 10.1%. After purchasing an additional 123,431 shares throughout the relevant period, Franklin Resources Inc. now has 1,346,625 shares of the company’s stock, currently valued at $349,449,000. These shares were acquired during the period in question. During the first three months of the year, there was a 2.1% increase in the value of the holdings of MongoDB that were made by Vanguard Group Inc. now holds a total of 5,970,224 shares of the company’s stock following the acquisition of an additional 121,201 shares during the period in question. The current market value of the company’s stock is $2,648,332,000. Institutions own the company’s equity to 84.86%.
Several different brokerages have recently provided commentary relating to MDB. In a research report that was made public on December 7, Morgan Stanley increased the price target that it had previously established for MongoDB, moving it up from $215.00 to $230.00. Additionally, an “equal weight” rating was given to the stock by the company. Trust Financial announced in a research note published on January 9 that they would lower their price target for MongoDB from $300 to $235. The new price target is expected to take effect in the coming days. The price target that Citigroup has set for MongoDB has increased from $295.00 to $300.00 due to an announcement made in a research note published on December 7. KeyCorp published a research note on Monday, November 21, announcing that it would begin covering MongoDB. They have placed an “overweight” rating on the company, and their stock price objective is $215.00. Oppenheimer lowered its price objective on MongoDB from $375.00 to $320.00 in a research note published on Wednesday, December 7. Despite this change, the company maintained an “outperform” rating on its stock. There are currently 22 market analysts who have assigned the company a buy rating, while there are only three analysts who have assigned it a hold rating. The current consensus rating for MongoDB is “Moderate Buy,” and the average price objective is $266.90, as shown by the findings of Bloomberg.
In other news about this topic, Chief Executive Officer Dev Ittycheria of MongoDB sold 39,382 shares of the company’s stock on January 3. The total value of the stock sold was $7,874,824.72, and the price received for each share, on average, was $199.96. Following the fruitful conclusion of the transaction, the Chief Executive Officer (CEO) will now be the owner of 190,264 shares of the company, the total value of which is equal to $38,045,189.44. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. In other news about this topic, Chief Executive Officer Dev Ittycheria of MongoDB sold 39,382 shares of the company’s stock on January 3. The total value of the stock sold was $7,874,824.72, and the price received for each share, on average, was $199.96. Following the fruitful conclusion of the transaction, the Chief Executive Officer (CEO) will now be the owner of 190,264 shares of the company, the total value of which is equal to $38,045,189.44. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. Dwight A. Merriman, also a director, sold 14,095 MongoDB stock on January 3. He was the one who carried out this transaction. The sale of the shares was completed at an average price of $199.36 per share, which brought the total value of the transaction up to $2,809,979.20. Following the completion of the transaction, the director now owns a total of 1,227,954 shares of the company’s stock, which have an approximate value of $244,804,909.44 at present. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders were responsible for the sale of 58,074 shares of company stock during the preceding ninety days, which resulted in a total value of $11,604,647. 5.70% of the total number of shares in the company are held by people who work there.
When trading started on Wednesday, the price of a single share of MongoDB was established at $202.84 per unit. The company has a price-to-earnings ratio of -37.77 and a beta value of 0.89. The market capitalization of the company is $14.05 billion. During the most recent 50 and 200 trading days, the price of a share of the company’s stock has fluctuated between the ranges of $178.54 and $230.55. The debt-to-equity ratio stands at 1.66, the quick ratio is 4.10, and the current ratio stands at 4.10. The price of a share of MongoDB, Inc., has the potential to range anywhere from $135.15 to $471.96 over a single year.
MongoDB, Inc. is a provider of database platforms that can be used for various purposes on a global scale. The Community Server is a version of its database that can be downloaded for free and comes equipped with all of the features that developers require to begin working with MongoDB. MongoDB Enterprise Advanced, a commercial database server designed specifically for business customers, is capable of operating in the cloud, on-premises, or in a hybrid environment. The business can provide customers with all three of these products. MongoDB Atlas is a database-as-a-service solution that is hosted across multiple clouds. Community Server is a free database version that users can download.