Vinva Investment Management Ltd Raises Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Vinva Investment Management Ltd grew its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,758 shares of the company’s stock after acquiring an additional 1,308 shares during the period. Vinva Investment Management Ltd’s holdings in MongoDB were worth $2,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. Huntington National Bank raised its position in shares of MongoDB by 279.3% during the third quarter. Huntington National Bank now owns 110 shares of the company’s stock valued at $38,000 after buying an additional 81 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after acquiring an additional 36 shares during the last quarter. Beacon Capital Management LLC boosted its position in shares of MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in MongoDB by 156.1% during the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock valued at $50,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 1.2 %

Shares of NASDAQ:MDB traded down $2.86 on Friday, hitting $227.02. 1,597,299 shares of the company’s stock were exchanged, compared to its average volume of 1,989,753. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of -80.79 and a beta of 1.13. MongoDB, Inc. has a 12 month low of $222.78 and a 12 month high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.40. The business’s 50 day simple moving average is $340.78 and its two-hundred day simple moving average is $385.06.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. Analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several research reports. Piper Sandler dropped their price objective on shares of MongoDB from $480.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Loop Capital dropped their price target on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Morgan Stanley reduced their price objective on MongoDB from $455.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. KeyCorp decreased their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Finally, DA Davidson raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $364.11.

Read Our Latest Report on MDB

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the transaction, the director now directly owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total transaction of $468,480.00. Following the transaction, the director now directly owns 1,146,784 shares in the company, valued at $268,622,684.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,802 shares of company stock valued at $16,982,551. 3.60% of the stock is currently owned by company insiders.

MongoDB Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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