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National Bank of Canada FI increased its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 56.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,183 shares of the company’s stock after buying an additional 1,872 shares during the period. National Bank of Canada FI’s holdings in MongoDB were worth $1,007,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in MDB. Renaissance Technologies LLC increased its stake in MongoDB by 833.6% during the second quarter. Renaissance Technologies LLC now owns 520,000 shares of the company’s stock valued at $134,940,000 after purchasing an additional 464,300 shares during the last quarter. Voya Investment Management LLC grew its position in shares of MongoDB by 905.0% during the second quarter. Voya Investment Management LLC now owns 346,477 shares of the company’s stock worth $89,911,000 after acquiring an additional 312,003 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of MongoDB by 19.3% during the first quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock worth $450,095,000 after acquiring an additional 166,400 shares during the last quarter. Wellington Management Group LLP grew its position in shares of MongoDB by 26.4% during the first quarter. Wellington Management Group LLP now owns 672,545 shares of the company’s stock worth $298,334,000 after acquiring an additional 140,260 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of MongoDB by 10.1% during the second quarter. Franklin Resources Inc. now owns 1,346,625 shares of the company’s stock worth $349,449,000 after acquiring an additional 123,431 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
MongoDB Stock Performance
Shares of MDB opened at $188.81 on Thursday. MongoDB, Inc. has a one year low of $135.15 and a one year high of $546.73. The company has a 50-day moving average of $174.47 and a two-hundred day moving average of $238.25. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of -35.16 and a beta of 1.02. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10.
Wall Street Analyst Weigh In
Several research firms have recently commented on MDB. Robert W. Baird upped their price target on shares of MongoDB from $205.00 to $230.00 in a research report on Wednesday, December 7th. Canaccord Genuity Group lowered their price target on shares of MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. Tigress Financial lowered their price target on shares of MongoDB from $575.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, December 15th. UBS Group upped their price target on shares of MongoDB from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, December 7th. Finally, Morgan Stanley upped their price objective on shares of MongoDB from $215.00 to $230.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 7th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $270.00.
Insiders Place Their Bets
In other MongoDB news, CTO Mark Porter sold 909 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $198.84, for a total value of $180,745.56. Following the completion of the transaction, the chief technology officer now directly owns 28,212 shares in the company, valued at $5,609,674.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other MongoDB news, CTO Mark Porter sold 909 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $198.84, for a total value of $180,745.56. Following the completion of the transaction, the chief technology officer now directly owns 28,212 shares in the company, valued at $5,609,674.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 14,095 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $199.13, for a total transaction of $2,806,737.35. Following the completion of the sale, the director now directly owns 1,322,954 shares of the company’s stock, valued at $263,439,830.02. The disclosure for this sale can be found here. Insiders sold a total of 59,846 shares of company stock worth $11,956,703 over the last ninety days. 5.70% of the stock is currently owned by company insiders.
MongoDB Company 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.
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