Capital International Sarl bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 25,073 shares of the company’s stock, valued at approximately $10,523,000.
Several other large investors have also modified their holdings of MDB. Capital International Ltd. CA bought a new position in MongoDB in the fourth quarter worth about $5,837,000. Capital International Inc. CA bought a new position in MongoDB in the fourth quarter worth about $3,414,000. Capital Group Investment Management PTE. LTD. bought a new position in MongoDB in the fourth quarter worth about $1,280,000. Los Angeles Capital Management LLC lifted its holdings in MongoDB by 28.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 53,356 shares of the company’s stock worth $22,393,000 after acquiring an additional 11,838 shares during the last quarter. Finally, Telemark Asset Management LLC bought a new position in MongoDB in the fourth quarter worth about $16,788,000. Institutional investors own 89.29% of the company’s stock.
MongoDB Price Performance
NASDAQ MDB opened at $350.74 on Monday. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72. The firm has a market capitalization of $28.21 billion, a PE ratio of -947.95, a P/E/G ratio of 1,505.91 and a beta of 1.57. The company’s 50 day simple moving average is $285.37 and its 200 day simple moving average is $334.31.
Analysts Set New Price Targets
MDB has been the topic of a number of recent research reports. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Tigress Financial raised their price target on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. BMO Capital Markets raised their price target on shares of MongoDB from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Morgan Stanley raised their price target on shares of MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Bank of America raised their price target on shares of MongoDB from $375.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Twenty-eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $394.45.
Get Our Latest Stock Analysis on MDB
Insider Activity at MongoDB
In related news, Director Roelof Botha sold 44,050 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $398.07, for a total transaction of $17,534,983.50. Following the transaction, the director owned 150,550 shares in the company, valued at $59,929,438.50. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total transaction of $2,979,900.00. Following the transaction, the director owned 993,316 shares in the company, valued at $295,998,234.84. This represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 76,616 shares of company stock worth $26,629,774 over the last quarter. 2.60% of the stock is currently owned by company insiders.
MongoDB Company Profile
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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