MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Sycomore Asset Management

Sycomore Asset Management boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 86.4% in the second quarter, Holdings Channel.com reports. The firm owned 53,568 shares of the company’s stock after acquiring an additional 24,827 shares during the quarter. MongoDB makes up about 2.3% of Sycomore Asset Management’s holdings, making the stock its 12th largest position. Sycomore Asset Management’s holdings in MongoDB were worth $12,884,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its holdings in shares of MongoDB by 17.5% in the 4th quarter. Allianz Asset Management GmbH now owns 9,258 shares of the company’s stock valued at $3,785,000 after buying an additional 1,379 shares during the period. Alberta Investment Management Corp boosted its position in shares of MongoDB by 27.8% during the 4th quarter. Alberta Investment Management Corp now owns 2,300 shares of the company’s stock worth $940,000 after purchasing an additional 500 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of MongoDB by 3.1% during the 4th quarter. California State Teachers Retirement System now owns 109,580 shares of the company’s stock worth $44,802,000 after purchasing an additional 3,253 shares in the last quarter. NEOS Investment Management LLC acquired a new position in shares of MongoDB during the 4th quarter worth $964,000. Finally, CIBC Asset Management Inc lifted its stake in shares of MongoDB by 421.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,312 shares of the company’s stock valued at $5,034,000 after purchasing an additional 9,952 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,000 shares of company stock valued at $3,168,810. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on MDB shares. Mizuho increased their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Truist Financial raised their price objective on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Sanford C. Bernstein raised their price target on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research report on Friday, August 30th. One investment 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. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.

MongoDB Price Performance

MDB opened at $270.35 on Tuesday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year 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 company’s 50 day simple moving average is $261.22 and its 200 day simple moving average is $293.46. The stock has a market capitalization of $19.83 billion, a PE ratio of -96.21 and a beta of 1.15.

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, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.63) EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -2.44 EPS for the current year.

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.