Headlands Technologies LLC Makes New $622,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Headlands Technologies LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,488 shares of the company’s stock, valued at approximately $622,000.

A number of other hedge funds have also recently made changes to their positions in MDB. Principal Securities Inc. bought a new position in MongoDB in the 4th quarter worth approximately $137,000. Dimensional Fund Advisors LP boosted its position in shares of MongoDB by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,696 shares of the company’s stock worth $37,495,000 after acquiring an additional 2,476 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in MongoDB by 15.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,179 shares of the company’s stock valued at $891,000 after acquiring an additional 298 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in MongoDB by 12.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 53,375 shares of the company’s stock valued at $19,908,000 after acquiring an additional 5,896 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in MongoDB by 8.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 7,684 shares of the company’s stock worth $3,141,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MDB. Robert W. Baird reduced their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Truist Financial upped their price objective on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup increased their target price on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Finally, Wells Fargo & Company increased their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $337.56.

Insider Activity at MongoDB

In other MongoDB news, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now directly owns 20,020 shares in the company, valued at approximately $4,564,560. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MongoDB news, Director John Dennis Mcmahon sold 10,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The disclosure for this sale can be found here. Insiders sold 33,179 shares of company stock worth $8,346,169 over the last three months. 3.60% of the stock is owned by corporate insiders.

MongoDB Price Performance

MongoDB stock opened at $296.69 on Thursday. 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 stock has a market cap of $21.92 billion, a price-to-earnings ratio of -105.58 and a beta of 1.15. The firm has a 50-day moving average of $254.78 and a two-hundred day moving average of $305.40. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.63) earnings per share. On average, research analysts forecast that MongoDB, Inc. will post -2.46 earnings per share for the current year.

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.