MongoDB, Inc. (NASDAQ:MDB) Shares Bought by TFB Advisors LLC

TFB Advisors LLC raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982 shares of the company’s stock after purchasing an additional 123 shares during the period. TFB Advisors LLC’s holdings in MongoDB were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of MongoDB by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after acquiring an additional 68,348 shares in the last quarter. Jennison Associates LLC raised its position in shares of MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after acquiring an additional 551,567 shares in the last quarter. Norges Bank acquired a new stake in shares of MongoDB during the 4th quarter worth about $326,237,000. Swedbank AB grew its stake in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after buying an additional 400,705 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its stake in MongoDB by 22.4% during the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after buying an additional 100,725 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MDB. Morgan Stanley raised their price target on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday. JMP Securities restated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research note on Friday. Piper Sandler raised their price target on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a research note on Friday. Finally, Scotiabank lifted their target price on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $345.52.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the transaction, the director now owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold a total of 30,179 shares of company stock worth $7,368,989 over the last quarter. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

MongoDB stock opened at $290.79 on Friday. The stock’s 50-day moving average is $248.22 and its 200-day moving average is $315.96. The company has a market cap of $21.33 billion, a price-to-earnings ratio of -103.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The firm had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. Equities analysts anticipate that MongoDB, Inc. will post -2.67 earnings per share for the current year.

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.