2,720 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,720 shares of the company’s stock, valued at approximately $477,000.

Other hedge funds have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its holdings in MongoDB by 3.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after acquiring an additional 39 shares in the last quarter. Avestar Capital LLC raised its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after acquiring an additional 42 shares in the last quarter. Aigen Investment Management LP raised its holdings in MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock valued at $2,599,000 after acquiring an additional 65 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock valued at $383,000 after acquiring an additional 75 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MDB. Canaccord Genuity Group lowered their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Oppenheimer lowered their price target on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Truist Financial lowered their price target on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Loop Capital cut MongoDB from a “buy” rating to a “hold” rating and lowered their price target for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of MongoDB in a report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.

MongoDB Trading Down 2.4%

NASDAQ MDB opened at $205.63 on Friday. The business’s 50-day moving average price is $180.65 and its two-hundred day moving average price is $227.04. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The firm has a market capitalization of $16.69 billion, a PE ratio of -75.05 and a beta of 1.39.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 21.8% on a year-over-year basis. As a group, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director now directly owns 1,107,006 shares of the company’s stock, valued at $259,039,404. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,208 shares of company stock worth $10,167,739. Insiders own 3.10% of the company’s stock.

MongoDB Profile

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.