TD Asset Management Inc increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,206 shares of the company’s stock after acquiring an additional 12,554 shares during the period. TD Asset Management Inc owned about 0.15% of MongoDB worth $27,047,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of MongoDB in the fourth quarter worth approximately $326,237,000. Jennison Associates LLC grew its stake in MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after acquiring an additional 551,567 shares in the last quarter. Swedbank AB grew its holdings in shares of MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Axiom Investors LLC DE bought a new stake in MongoDB during the fourth quarter worth approximately $153,990,000. Finally, Clearbridge Investments LLC grew its holdings in MongoDB by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after purchasing an additional 232,101 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Guggenheim raised MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. Citigroup boosted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a report on Friday, August 30th. Morgan Stanley upped their price target on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Robert W. Baird dropped their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $337.56.

Get Our Latest Stock Report on MDB

MongoDB Stock Down 2.8 %

Shares of NASDAQ:MDB traded down $8.00 during trading on Friday, hitting $281.88. The stock had a trading volume of 1,450,631 shares, compared to its average volume of 1,517,015. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $20.68 billion, a PE ratio of -100.31 and a beta of 1.15. The firm’s fifty day moving average is $253.05 and its 200 day moving average is $309.52. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.95% and a negative net margin of 12.08%. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the prior year, the firm posted ($0.63) EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Thomas Bull sold 138 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Lawrence Gordon sold 1,569 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $416,240.01. Following the transaction, the chief financial officer now directly owns 81,942 shares of the company’s stock, valued at $21,738,393.18. The disclosure for this sale can be found here. Insiders sold a total of 32,179 shares of company stock worth $8,063,279 in the last three months. 3.60% of the stock is currently owned by company insiders.

About MongoDB

(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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