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Vanguard Group Inc. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,648,265 shares of the company’s stock after acquiring an additional 16,590 shares during the period. Vanguard Group Inc. owned 0.09% of MongoDB worth $2,299,369,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in MongoDB by 87.8% during the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after purchasing an additional 1,745,231 shares during the period. State Street Corp increased its holdings in MongoDB by 1.8% during the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after purchasing an additional 24,595 shares during the period. 1832 Asset Management L.P. increased its holdings in 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 worth $200,383,000 after purchasing an additional 1,017,969 shares during the period. Geode Capital Management LLC increased its holdings in MongoDB by 3.5% during 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. Finally, Norges Bank purchased a new stake in MongoDB during the 4th quarter worth about $147,735,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
Insider Activity
In other news, CAO Thomas Bull sold 359 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the sale, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CRO Cedric Pech sold 1,248 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 359 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The disclosure for this sale can be found here. Insiders sold 54,607 shares of company stock valued at $23,116,062 in the last three months. 4.80% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their price target on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Piper Sandler increased their price objective on MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and increased their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a report on Monday, December 4th. Finally, Guggenheim increased their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $456.19.
Read Our Latest Stock Analysis on MDB
MongoDB Stock Down 3.7 %
MDB opened at $355.44 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The business has a 50 day simple moving average of $421.71 and a 200-day simple moving average of $391.90. The stock 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 12 month low of $198.72 and a 12 month high of $509.62.
MongoDB Company Profile
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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