MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,919 shares of the company’s stock after acquiring an additional 1,639 shares during the quarter. Diversified Trust Co’s holdings in MongoDB were worth $1,611,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MDB. Private Advisor Group LLC boosted its holdings in shares of MongoDB by 167.4% during the second quarter. Private Advisor Group LLC now owns 6,324 shares of the company’s stock valued at $1,581,000 after acquiring an additional 3,959 shares during the period. Acadian Asset Management LLC boosted its stake in MongoDB by 1,677.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,679 shares of the company’s stock valued at $916,000 after purchasing an additional 3,472 shares during the period. Quest Partners LLC bought a new position in MongoDB in the 2nd quarter worth about $160,000. Wedbush Securities Inc. increased its stake in shares of MongoDB by 20.7% in the second quarter. Wedbush Securities Inc. now owns 2,739 shares of the company’s stock valued at $685,000 after purchasing an additional 470 shares during the period. Finally, Choreo LLC increased its stake in shares of MongoDB by 187.1% in the second quarter. Choreo LLC now owns 2,291 shares of the company’s stock valued at $603,000 after purchasing an additional 1,493 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total value of $713,190.00. Following the completion of the sale, the director now directly owns 1,117,006 shares of the company’s stock, valued at $265,545,836.38. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,161 shares of company stock worth $8,427,806 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Up 1.1 %

MDB stock opened at $248.68 on Thursday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a 50-day moving average of $283.52 and a two-hundred day moving average of $269.30. The firm has a market capitalization of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MDB. Mizuho increased their price objective on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial increased their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. KeyCorp raised their price target on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Macquarie started coverage on shares of MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price objective for the company. Finally, DA Davidson increased their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $367.14.

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.