Blue Trust Inc. Grows Position in MongoDB, Inc. (NASDAQ:MDB)

Blue Trust Inc. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,181 shares of the company’s stock after purchasing an additional 254 shares during the period. Blue Trust Inc.’s holdings in MongoDB were worth $275,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC purchased a new stake in MongoDB in the 4th quarter valued at about $606,000. Aigen Investment Management LP purchased a new stake in MongoDB in the 3rd quarter valued at about $1,045,000. Geode Capital Management LLC boosted its position in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after buying an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MongoDB in the 3rd quarter valued at about $4,366,000. Finally, Charles Schwab Investment Management Inc. boosted its position in MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after buying an additional 7,575 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Canaccord Genuity Group upped their price target on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. 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 research report on Monday, December 2nd. Finally, Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Trading Up 3.1 %

NASDAQ MDB opened at $298.69 on Wednesday. The company has a fifty day simple moving average of $261.45 and a two-hundred day simple moving average of $272.51. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.78. The stock has a market cap of $22.24 billion, a P/E ratio of -109.01 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 2,581 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $604,186.29. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $50,866,352.46. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,094 shares of company stock valued at $11,705,293 over the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Company 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.