161 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, Holdings Channel.com reports. The firm purchased 161 shares of the company’s stock, valued at approximately $44,000.

Several other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp lifted its stake in MongoDB by 7.6% in the second quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock worth $155,000 after purchasing an additional 44 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of MongoDB by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock valued at $1,450,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. boosted its holdings in MongoDB by 4.9% during the 2nd quarter. Whittier Trust Co. now owns 29,764 shares of the company’s stock valued at $7,440,000 after acquiring an additional 1,384 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in MongoDB by 4.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,534 shares of the company’s stock worth $3,633,000 after acquiring an additional 602 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in MongoDB in the 2nd quarter worth approximately $10,498,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

MDB stock opened at $245.63 on Monday. The company has a market cap of $18.14 billion, a price-to-earnings ratio of -89.65 and a beta of 1.17. The business’s 50-day moving average is $291.05 and its two-hundred day moving average is $267.81. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. Equities analysts predict that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, CRO Cedric Pech sold 302 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,775 shares of company stock worth $9,264,812 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MDB has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Needham & Company LLC upped their price objective on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. DA Davidson raised their target price on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays upped their price target on MongoDB from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Wedbush upgraded MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $366.14.

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.