Royal London Asset Management Ltd. Buys 1,099 Shares of MongoDB, Inc. (NASDAQ:MDB)

Royal London Asset Management Ltd. increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 4.1% during the third quarter, HoldingsChannel reports. The firm owned 27,830 shares of the company’s stock after acquiring an additional 1,099 shares during the period. Royal London Asset Management Ltd.’s holdings in MongoDB were worth $7,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of MDB. Cetera Advisors LLC boosted its position in MongoDB by 106.9% during the first quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after purchasing an additional 805 shares during the period. CWM LLC grew its stake in MongoDB by 7.6% in the 2nd quarter. CWM LLC now owns 3,113 shares of the company’s stock valued at $778,000 after buying an additional 219 shares in the last quarter. Diversified Trust Co raised its holdings in MongoDB by 16.6% during the 2nd quarter. Diversified Trust Co now owns 4,794 shares of the company’s stock valued at $1,198,000 after acquiring an additional 683 shares during the period. Baader Bank Aktiengesellschaft lifted its position in shares of MongoDB by 66.4% during the second quarter. Baader Bank Aktiengesellschaft now owns 3,327 shares of the company’s stock worth $826,000 after acquiring an additional 1,327 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in shares of MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America boosted their price objective on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. KeyCorp increased their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird upped their target price on shares of MongoDB from $305.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Sanford C. Bernstein raised their price target on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Loop Capital upped their price target on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $344.25.

MongoDB Stock Up 2.7 %

Shares of NASDAQ:MDB opened at $343.40 on Monday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average price is $289.30 and its 200-day moving average price is $269.24. The stock has a market capitalization of $25.37 billion, a P/E ratio of -113.71 and a beta of 1.17.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the completion of the transaction, the director now directly owns 1,121,006 shares of the company’s stock, valued at approximately $362,084,938. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,600 shares of company stock worth $7,255,929 in the last ninety days. 3.60% of the stock is owned by insiders.

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.