MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 12.3% during the third quarter, Holdings Channel.com reports. The fund owned 10,323 shares of the company’s stock after purchasing an additional 1,132 shares during the quarter. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $2,791,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of MongoDB by 12.9% in the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock valued at $116,000 after purchasing an additional 37 shares in the last quarter. California State Teachers Retirement System raised its holdings in MongoDB by 1.3% in the first quarter. California State Teachers Retirement System now owns 110,957 shares of the company’s stock valued at $39,794,000 after buying an additional 1,377 shares during the period. Tidal Investments LLC lifted its position in MongoDB by 222.6% during the first quarter. Tidal Investments LLC now owns 7,523 shares of the company’s stock valued at $2,698,000 after buying an additional 5,191 shares in the last quarter. Comerica Bank grew its stake in MongoDB by 103.4% during the first quarter. Comerica Bank now owns 22,575 shares of the company’s stock worth $8,096,000 after buying an additional 11,476 shares during the period. Finally, Plato Investment Management Ltd increased its position in shares of MongoDB by 408.5% in the first quarter. Plato Investment Management Ltd now owns 1,078 shares of the company’s stock worth $387,000 after acquiring an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at $4,117,425. This trade represents a 0.95 % 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, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $23,313,925.17. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock worth $7,732,589 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $324.60 on Thursday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $23.98 billion, a P/E ratio of -107.48 and a beta of 1.15. The firm’s 50 day moving average is $281.84 and its two-hundred day moving average is $271.65. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.63) EPS. Analysts anticipate that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on MDB shares. Wells Fargo & Company lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Morgan Stanley upped their target price on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Mizuho raised their target price on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Truist Financial upped their price target on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Scotiabank lifted their price objective on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

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.