Avala Global LP acquired a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 177,400 shares of the company’s stock, valued at approximately $47,960,000. MongoDB accounts for 3.2% of Avala Global LP’s holdings, making the stock its 14th biggest holding. Avala Global LP owned 0.24% of MongoDB as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in MDB. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the second quarter valued at approximately $25,000. J.Safra Asset Management Corp raised its holdings in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP raised its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB during the 3rd quarter worth $36,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of MongoDB during the second quarter worth $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.
MongoDB Price Performance
MongoDB stock opened at $322.49 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The business has a 50 day simple moving average of $283.54 and a 200-day simple moving average of $270.41. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The stock has a market capitalization of $23.82 billion, a PE ratio of -106.78 and a beta of 1.15.
Insider Transactions at MongoDB
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 value 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 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 154 shares of the stock in a transaction on 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 transaction, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at $4,117,425. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock worth $7,442,189 over the last ninety days. 3.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research firms have weighed in on MDB. Bank of America raised their price target on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Truist Financial raised their target price on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays upped their price target on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Sanford C. Bernstein raised their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Oppenheimer upped their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $340.29.
Get Our Latest Stock Report on MDB
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.
Featured Stories
- Five stocks we like better than MongoDB
- Are Penny Stocks a Good Fit for Your Portfolio?
- Analog Devices: Why the Uptrend Could Accelerate in 2025
- How to Effectively Use the MarketBeat Ratings Screener
- Texas Pacific Land: Permian Basin Powerhouse With an AI Edge
- Why is the Ex-Dividend Date Significant to Investors?
- ServiceNow: Will the High-Flyer Finally Split in 2024?
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.