6,382 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,382 shares of the company’s stock, valued at approximately $1,595,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new stake in MongoDB in the second quarter worth about $599,000. Symmetry Investments LP bought a new position in shares of MongoDB in the 2nd quarter valued at about $250,000. Octahedron Capital Management L.P. acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $525,000. Thrivent Financial for Lutherans raised its stake in shares of MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after buying an additional 388,979 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in MongoDB by 39.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 19,486 shares of the company’s stock valued at $4,865,000 after buying an additional 5,500 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Thomas Bull sold 138 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following 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 32,005 shares of company stock worth $8,082,746 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

MongoDB Trading Down 1.9 %

NASDAQ MDB opened at $278.45 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock’s 50 day moving average price is $259.06 and its two-hundred day moving average price is $297.93. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of -99.09 and a beta of 1.15.

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

Analyst Ratings Changes

A number of research firms have commented on MDB. Canaccord Genuity Group lowered their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. Piper Sandler upped their price objective on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Bank of America increased their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Loop Capital decreased their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

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.