Intech Investment Management LLC Buys 1,661 Shares of MongoDB, Inc. (NASDAQ:MDB)

Intech Investment Management LLC raised its position in MongoDB, Inc. (NASDAQ:MDB) by 40.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,814 shares of the company’s stock after acquiring an additional 1,661 shares during the period. Intech Investment Management LLC’s holdings in MongoDB were worth $2,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDB. Norges Bank acquired a new position in MongoDB during the 4th quarter worth $326,237,000. Jennison Associates LLC lifted its stake in shares of MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after acquiring an additional 551,567 shares during the period. Axiom Investors LLC DE bought a new position in MongoDB in the fourth quarter valued at about $153,990,000. Clearbridge Investments LLC increased its position in MongoDB by 10,827.8% in the fourth quarter. Clearbridge Investments LLC now owns 212,983 shares of the company’s stock worth $87,078,000 after purchasing an additional 211,034 shares during the period. Finally, First Trust Advisors LP raised its holdings in MongoDB by 59.3% during the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after purchasing an additional 204,284 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MDB. Oppenheimer dropped their price target on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Canaccord Genuity Group dropped their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. Robert W. Baird reduced their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $290.00 price target on shares of MongoDB in a research note on Thursday, June 13th. Finally, DA Davidson upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $355.74.

MongoDB Stock Up 1.9 %

Shares of MDB stock traded up $4.62 on Friday, reaching $251.46. 1,349,793 shares of the stock were exchanged, compared to its average volume of 1,678,815. MongoDB, Inc. has a twelve month low of $214.74 and a twelve month high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of -89.49 and a beta of 1.13. The business’s 50 day moving average price is $272.72 and its 200 day moving average price is $350.15.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. As a group, sell-side analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 138 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the director now owns 20,020 shares in the company, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders sold a total of 35,179 shares of company stock valued at $9,535,839 in the last ninety days. 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.