Nisa Investment Advisors LLC boosted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,090 shares of the company’s stock after buying an additional 40 shares during the period. Nisa Investment Advisors LLC’s holdings in MongoDB were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in shares of MongoDB in the second quarter worth about $1,860,000. Sycomore Asset Management lifted its stake in MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after purchasing an additional 24,827 shares in the last quarter. Cetera Investment Advisers boosted its holdings in MongoDB by 327.6% in the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the period. SG Americas Securities LLC increased its holdings in shares of MongoDB by 179.7% in the first quarter. SG Americas Securities LLC now owns 7,142 shares of the company’s stock worth $2,561,000 after purchasing an additional 4,589 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of MongoDB by 147.3% in the first quarter. Toronto Dominion Bank now owns 24,047 shares of the company’s stock worth $8,624,000 after purchasing an additional 14,323 shares during the period. Institutional investors own 89.29% of the company’s stock.
MongoDB Price Performance
Shares of MongoDB stock opened at $280.98 on Thursday. The company’s fifty day simple moving average is $276.77 and its two-hundred day simple moving average is $277.95. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The firm has a market cap of $20.76 billion, a PE ratio of -93.04 and a beta of 1.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.
Insider Buying and Selling
In other MongoDB news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the transaction, the executive now directly owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now directly owns 1,135,006 shares in the company, valued at $330,048,394.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was 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 in the company, valued at approximately $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,281 shares of company stock valued at $6,657,121 over the last quarter. 3.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Scotiabank boosted their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Truist Financial raised their target price on shares of MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Oppenheimer boosted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, UBS Group raised their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $337.96.
View Our Latest Stock Report on MongoDB
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.
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