MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Sycomore Asset Management

Sycomore Asset Management grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 86.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,568 shares of the company’s stock after purchasing an additional 24,827 shares during the quarter. MongoDB makes up about 2.3% of Sycomore Asset Management’s portfolio, making the stock its 12th biggest holding. Sycomore Asset Management owned approximately 0.07% of MongoDB worth $12,884,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH lifted its position in MongoDB by 17.5% during the fourth quarter. Allianz Asset Management GmbH now owns 9,258 shares of the company’s stock worth $3,785,000 after buying an additional 1,379 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of MongoDB by 27.8% during the 4th quarter. Alberta Investment Management Corp now owns 2,300 shares of the company’s stock valued at $940,000 after acquiring an additional 500 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of MongoDB by 3.1% in the fourth quarter. California State Teachers Retirement System now owns 109,580 shares of the company’s stock valued at $44,802,000 after purchasing an additional 3,253 shares during the period. NEOS Investment Management LLC acquired a new stake in MongoDB during the fourth quarter worth about $964,000. Finally, CIBC Asset Management Inc boosted its holdings in MongoDB by 421.7% in the 4th quarter. CIBC Asset Management Inc now owns 12,312 shares of the company’s stock valued at $5,034,000 after purchasing an additional 9,952 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now directly owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total value of $1,261,150.00. Following the transaction, the chief financial officer now owns 81,942 shares in the company, valued at approximately $20,668,230.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $3,168,810 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.3 %

MDB opened at $270.35 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The company has a market cap of $19.83 billion, a P/E ratio of -96.21 and a beta of 1.15. The business’s 50-day simple moving average is $261.22 and its 200-day simple moving average is $293.46.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter last year, the company earned ($0.63) earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts expect that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MDB. UBS Group increased their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research report on Friday, August 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a research report on Friday, August 30th. Needham & Company LLC upped their price objective on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Scotiabank lifted their target price on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

About MongoDB

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.