Diversified Trust Co increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 117.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,071 shares of the company’s stock after acquiring an additional 8,152 shares during the period. Diversified Trust Co’s holdings in MongoDB were worth $2,643,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its stake in MongoDB by 13.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 19,449 shares of the company’s stock worth $3,411,000 after acquiring an additional 2,270 shares in the last quarter. WoodTrust Financial Corp lifted its stake in shares of MongoDB by 21.2% in the first quarter. WoodTrust Financial Corp now owns 5,150 shares of the company’s stock worth $903,000 after buying an additional 900 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of MongoDB by 41.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,058 shares of the company’s stock worth $1,238,000 after buying an additional 2,085 shares in the last quarter. TrueMark Investments LLC lifted its stake in shares of MongoDB by 14.0% in the first quarter. TrueMark Investments LLC now owns 6,419 shares of the company’s stock worth $1,126,000 after buying an additional 790 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after buying an additional 298 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 0.3%

NASDAQ MDB traded up $0.72 on Friday, hitting $209.92. 3,106,432 shares of the company traded hands, compared to its average volume of 1,960,037. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of -184.14 and a beta of 1.39. The business’s 50 day moving average price is $190.83 and its 200-day moving average price is $216.65. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million for 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%. MongoDB’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

MDB has been the topic of several analyst reports. Cantor Fitzgerald upped their target price on shares of MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a research note on Thursday, June 5th. Barclays upped their target price on shares of MongoDB from $252.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, June 5th. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Bank of America upped their target price on shares of MongoDB from $215.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, June 5th. Finally, Oppenheimer dropped their target price on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Eight 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.

Check Out Our Latest Report on MongoDB

Insider Transactions at MongoDB

In other news, CFO Srdjan Tanjga sold 525 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $1,109,903.56. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,202 shares of company stock valued at $10,576,696 over the last three months. Corporate insiders own 3.10% of the company’s stock.

MongoDB Company Profile

(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.

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