WINTON GROUP Ltd Increases Stock Holdings in MongoDB, Inc. $MDB

WINTON GROUP Ltd grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 349.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,197 shares of the company’s stock after purchasing an additional 13,367 shares during the quarter. WINTON GROUP Ltd’s holdings in MongoDB were worth $5,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in shares of MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after buying an additional 327 shares in the last quarter. NewEdge Advisors LLC raised its stake in MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after acquiring an additional 1,504 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in MongoDB in the second quarter valued at $329,000. First Horizon Advisors Inc. lifted its position in MongoDB by 33.3% in the second quarter. First Horizon Advisors Inc. now owns 492 shares of the company’s stock valued at $103,000 after acquiring an additional 123 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in MongoDB by 16.5% in the second quarter. Resona Asset Management Co. Ltd. now owns 25,729 shares of the company’s stock valued at $5,403,000 after acquiring an additional 3,641 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $271.74 on Tuesday. The company has a 50-day simple moving average of $366.04 and a 200-day simple moving average of $353.30. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of -308.80, a PEG ratio of 403.42 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research reports. Citizens Jmp raised their price objective on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. Piper Sandler decreased their target price on MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Royal Bank Of Canada dropped their price target on MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Finally, Raymond James Financial initiated coverage on MongoDB in a research report on Monday, December 15th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $354.18.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,949 shares of company stock valued at $13,159,930 over the last ninety days. 3.10% of the stock is owned by insiders.

MongoDB 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.