Leonteq Securities AG purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,870 shares of the company’s stock, valued at approximately $785,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock worth $2,788,981,000 after buying an additional 431,382 shares in the last quarter. ValueAct Holdings L.P. boosted its holdings in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after buying an additional 1,427,700 shares in the last quarter. State Street Corp boosted its holdings in shares of MongoDB by 3.7% during the 3rd quarter. State Street Corp now owns 1,756,628 shares of the company’s stock worth $545,222,000 after buying an additional 63,434 shares in the last quarter. Amundi boosted its holdings in shares of MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its holdings in shares of MongoDB by 162.1% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after buying an additional 852,540 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.
MongoDB Stock Up 2.7%
Shares of MDB opened at $326.13 on Friday. MongoDB, Inc. has a 12-month low of $182.43 and a 12-month high of $444.72. The business’s fifty day moving average is $268.23 and its 200 day moving average is $335.16. The stock has a market cap of $26.21 billion, a P/E ratio of -370.60 and a beta of 1.48.
Insiders Place Their Bets
In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director directly owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the transaction, the director owned 993,316 shares in the company, valued at approximately $295,998,234.84. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 31,566 shares of company stock worth $8,744,791. 3.10% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms have issued reports on MDB. Stifel Nicolaus cut their price target on MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Zacks Research upgraded MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Robert W. Baird increased their price target on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Finally, Monness Crespi & Hardt cut their price target on MongoDB from $475.00 to $370.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell 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 $373.37.
Check Out Our Latest Analysis on MDB
About MongoDB
MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.
The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.
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