SageView Advisory Group LLC Takes Position in MongoDB, Inc. (NASDAQ:MDB)

SageView Advisory Group LLC bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, Holdings Channel.com reports. The fund bought 606 shares of the company’s stock, valued at approximately $252,000.

A number of other large investors have also recently modified their holdings of MDB. Raymond James & Associates lifted its position in MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after acquiring an additional 7,510 shares during the period. Nordea Investment Management AB lifted its position in MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after acquiring an additional 13,972 shares during the period. Assenagon Asset Management S.A. lifted its position in MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after acquiring an additional 26,961 shares during the period. Atalanta Sosnoff Capital LLC lifted its position in MongoDB by 24.7% during the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after acquiring an additional 10,753 shares during the period. Finally, Realta Investment Advisors purchased a new position in MongoDB during the 4th quarter valued at about $212,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,976 shares of company stock valued at $17,245,973. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MDB opened at $220.45 on Friday. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of -78.45 and a beta of 1.13. The company has a fifty day moving average of $317.23 and a 200 day moving average of $373.27. MongoDB, Inc. has a fifty-two week low of $214.74 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. KeyCorp decreased their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Truist Financial decreased their target price on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Oppenheimer decreased their target price on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 31st. DA Davidson raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday, May 31st. Finally, Wells Fargo & Company decreased their target price on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.11.

About MongoDB

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.