MongoDB, Inc. (NASDAQ:MDB) Stake Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,683 shares of the company’s stock after buying an additional 2,277 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MongoDB were worth $82,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in shares of MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of MongoDB during the 1st quarter worth $1,823,000. Panagora Asset Management Inc. increased its stake in shares of MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $437.99, for a total value of $2,627,940.00. Following the transaction, the director now directly owns 1,168,784 shares in the company, valued at $511,915,704.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the transaction, the director now directly owns 528,896 shares in the company, valued at $222,136,320. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the completion of the transaction, the director now owns 1,168,784 shares in the company, valued at $511,915,704.16. The disclosure for this sale can be found here. Insiders have sold a total of 81,777 shares of company stock worth $33,554,031 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of MongoDB in a research note on Thursday, November 16th. They issued an “overweight” rating and a $500.00 target price on the stock. KeyCorp lowered their target price on shares of MongoDB from $495.00 to $440.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price on the stock in a research note on Wednesday, November 8th. Truist Financial reiterated a “buy” rating and issued a $430.00 target price on shares of MongoDB in a research note on Monday, November 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $410.00 target price (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $429.50.

Check Out Our Latest Research Report on MDB

MongoDB Price Performance

NASDAQ:MDB opened at $500.90 on Monday. The company has a 50-day moving average of $408.06 and a 200-day moving average of $382.88. MongoDB, Inc. has a 52 week low of $189.59 and a 52 week high of $507.25. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The company had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned ($1.23) EPS. As a group, research analysts forecast that MongoDB, Inc. will post -1.63 EPS for the current fiscal year.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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