WINTON GROUP Ltd bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,830 shares of the company’s stock, valued at approximately $804,000.
Several other institutional investors have also recently bought and sold shares of MDB. Montag A & Associates Inc. boosted its holdings in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the period. True Wealth Design LLC lifted its position in shares of MongoDB by 1,193.8% during the 2nd quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the last quarter. State of Wyoming bought a new stake in MongoDB during the 1st quarter valued at approximately $62,000. Brooklyn Investment Group grew its holdings in MongoDB by 247.9% in the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after buying an additional 290 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in MongoDB in the 1st quarter valued at approximately $96,000. Institutional investors own 89.29% of the company’s stock.
MongoDB Stock Down 1.6%
NASDAQ MDB opened at $420.39 on Friday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $432.55. The stock has a market cap of $34.20 billion, a P/E ratio of -483.21 and a beta of 1.45. The company’s 50-day simple moving average is $348.54 and its 200 day simple moving average is $280.20.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on MDB shares. Bank of America increased their price objective on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group increased their price target on shares of MongoDB from $405.00 to $475.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald raised their price target on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Monness Crespi & Hardt upped their price objective on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company boosted their price target on MongoDB from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $415.39.
Read Our Latest Report on MongoDB
Insider Buying and Selling
In other news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $410.00, for a total value of $1,640,000.00. Following the sale, the director owned 1,051,316 shares of the company’s stock, valued at approximately $431,039,560. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles M. Hazard, Jr. sold 833 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $326.13, for a total transaction of $271,666.29. Following the sale, the director owned 44,867 shares of the company’s stock, valued at $14,632,474.71. This trade represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 119,577 shares of company stock valued at $41,439,265. 3.10% of the stock is currently owned by insiders.
MongoDB Company 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.
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