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Comerica Bank lifted its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 24.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,144 shares of the company’s stock after purchasing an additional 5,945 shares during the quarter. Comerica Bank’s holdings in MongoDB were worth $5,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp purchased a new position in MongoDB in the third quarter valued at about $312,000. Keybank National Association OH lifted its holdings in shares of MongoDB by 45.3% during the 3rd quarter. Keybank National Association OH now owns 1,584 shares of the company’s stock valued at $315,000 after buying an additional 494 shares during the last quarter. CWM LLC grew its stake in shares of MongoDB by 2.6% in the 3rd quarter. CWM LLC now owns 2,144 shares of the company’s stock valued at $426,000 after buying an additional 55 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in MongoDB in the third quarter worth approximately $283,000. Finally, Robeco Institutional Asset Management B.V. raised its position in MongoDB by 5.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,781 shares of the company’s stock valued at $1,544,000 after acquiring an additional 421 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Thomas Bull sold 399 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total transaction of $79,524.69. Following the completion of the transaction, the insider now directly owns 16,203 shares of the company’s stock, valued at approximately $3,229,419.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Thomas Bull sold 399 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total transaction of $79,524.69. Following the completion of the transaction, the insider now directly owns 16,203 shares of the company’s stock, valued at approximately $3,229,419.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at $1,601,180.10. The disclosure for this sale can be found here. Insiders have sold 58,074 shares of company stock worth $11,604,647 in the last ninety days. Insiders own 5.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on MDB shares. Needham & Company LLC increased their price target on shares of MongoDB from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. The Goldman Sachs Group cut their target price on MongoDB from $380.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, December 7th. Wedbush assumed coverage on MongoDB in a research note on Wednesday, December 14th. They set an “outperform” rating and a $240.00 price target for the company. Credit Suisse Group cut their price objective on MongoDB from $400.00 to $305.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 7th. Finally, Barclays upped their target price on MongoDB from $233.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. Three analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.90.
MongoDB Stock Performance
NASDAQ MDB opened at $190.61 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of -35.50 and a beta of 0.89. The company’s fifty day moving average is $175.20 and its two-hundred day moving average is $232.80. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $471.96.
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.
Read More
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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