Whittier Trust Co. of Nevada Inc. Has $3.63 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Whittier Trust Co. of Nevada Inc. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,534 shares of the company’s stock after purchasing an additional 602 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in MongoDB were worth $3,633,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MDB. Transcendent Capital Group LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the second quarter valued at approximately $25,000. J.Safra Asset Management Corp lifted its stake in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in MongoDB in the first quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. lifted its stake in MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after acquiring an additional 76 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Needham & Company LLC reissued a “buy” rating and issued a $290.00 price target on shares of MongoDB in a research report on Thursday, June 13th. Citigroup dropped their price target on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, June 3rd. Tigress Financial dropped their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Stifel Nicolaus dropped their price target on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $355.74.

MongoDB Stock Performance

MongoDB stock traded up $8.77 on Thursday, hitting $244.14. The company’s stock had a trading volume of 833,692 shares, compared to its average volume of 1,471,347. The firm has a market cap of $17.91 billion, a P/E ratio of -87.71 and a beta of 1.13. 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 fifty day moving average price of $246.45 and a 200-day moving average price of $317.83. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. On average, equities analysts anticipate that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total value of $468,480.00. Following the sale, the director now owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the transaction, the director now owns 13,011 shares in the company, valued at approximately $2,919,408.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the transaction, the director now owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,179 shares of company stock worth $7,368,989. Corporate insiders own 3.60% 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.