MongoDB, Inc. (NASDAQ:MDB) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB) by 18.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,005 shares of the company’s stock after acquiring an additional 153 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in MongoDB were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aigen Investment Management LP purchased a new position in MongoDB during the 3rd quarter worth approximately $1,045,000. Sanctuary Advisors LLC acquired a new position in MongoDB during the second quarter valued at $1,860,000. Sycomore Asset Management lifted its stake in MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after acquiring an additional 24,827 shares in the last quarter. Cetera Investment Advisers boosted its position in MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after acquiring an additional 8,330 shares during the period. Finally, Toronto Dominion Bank grew its stake in MongoDB by 147.3% during the 1st quarter. Toronto Dominion Bank now owns 24,047 shares of the company’s stock valued at $8,624,000 after acquiring an additional 14,323 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,319 shares of MongoDB stock in a transaction on Friday, November 15th. The shares were sold at an average price of $285.92, for a total transaction of $377,128.48. Following the sale, the director now owns 87,744 shares in the company, valued at $25,087,764.48. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Cedric Pech sold 302 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the transaction, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,600 shares of company stock valued at $7,034,249 over the last three months. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MDB has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a report on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Mizuho upped their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. JMP Securities reissued a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Finally, Barclays upped their target price on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $336.54.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $332.50 on Friday. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market cap of $24.56 billion, a P/E ratio of -110.10 and a beta of 1.15. The business’s 50 day moving average is $278.10 and its two-hundred day moving average is $272.88. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -2.39 EPS 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.