Motley Fool Asset Management LLC Increases Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Motley Fool Asset Management LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 79.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,379 shares of the company’s stock after purchasing an additional 1,052 shares during the period. Motley Fool Asset Management LLC’s holdings in MongoDB were worth $853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC purchased a new position in MongoDB during the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in MongoDB during the 1st quarter worth $41,000. Sunbelt Securities Inc. lifted its position in MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after acquiring an additional 76 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in MongoDB during the 4th quarter worth about $50,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

NASDAQ:MDB traded up $7.01 during trading hours on Wednesday, hitting $252.36. 1,556,929 shares of the stock were exchanged, compared to its average volume of 1,524,713. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average price is $254.36 and its 200 day moving average price is $343.00. The company has a market cap of $18.51 billion, a P/E ratio of -89.81 and a beta of 1.13. MongoDB, Inc. has a 52-week low of $214.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.80). The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. As a group, equities research analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Insider Activity

In related news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,569 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $416,240.01. Following the completion of the transaction, the chief financial officer now owns 81,942 shares in the company, valued at $21,738,393.18. The disclosure for this sale can be found here. Insiders sold 34,179 shares of company stock worth $9,156,689 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Bank of America lowered their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Truist Financial lowered their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, May 31st. KeyCorp decreased their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, JMP Securities decreased their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $355.74.

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.