Landscape Capital Management L.L.C. Invests $421,000 in MongoDB, Inc. $MDB

Key Points

• Landscape Capital Management L.L.C. acquired 2,403 shares of MongoDB, valued at approximately $421,000, marking a new position for the institutional investor in Q1.
• MongoDB's recent quarterly earnings report showed $1.00 earnings per share, surpassing expectations of $0.65, and the company experienced a 21.8% year-over-year revenue increase.
• Analysts have generally positive outlooks for MongoDB, with price target increases from firms like Citigroup and Royal Bank of Canada, suggesting a consensus rating of "Moderate Buy" and a target price of $310.86.

Landscape Capital Management L.L.C. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,403 shares of the company's stock, valued at approximately $421,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after purchasing an additional 481,023 shares during the last quarter. Primecap Management Co. CA raised its holdings in MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock worth $152,694,000 after purchasing an additional 780,200 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of MongoDB during the 1st quarter worth approximately $128,706,000. American Century Companies Inc. grew its position in shares of MongoDB by 6.9% during the 1st quarter. American Century Companies Inc. now owns 732,463 shares of the company's stock worth $128,474,000 after buying an additional 47,567 shares during the period. Finally, Deutsche Bank AG grew its position in shares of MongoDB by 134.6% during the 1st quarter. Deutsche Bank AG now owns 690,774 shares of the company's stock worth $121,162,000 after buying an additional 396,311 shares during the period. Institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

MDB has been the subject of several recent analyst reports. Sanford C. Bernstein raised their price objective on shares of MongoDB from $319.00 to $338.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Scotiabank raised their price objective on shares of MongoDB from $230.00 to $280.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Guggenheim raised their price objective on shares of MongoDB from $260.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Canaccord Genuity Group raised their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group raised their price objective on shares of MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $310.86.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the sale, the director owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,736 shares of company stock worth $21,975,639. Corporate insiders own 3.10% of the company's stock.

MongoDB Stock Down 1.7%

NASDAQ:MDB traded down $5.41 during trading hours on Wednesday, hitting $312.88. 2,965,687 shares of the company traded hands, compared to its average volume of 4,028,832. The firm's 50-day simple moving average is $229.48 and its 200-day simple moving average is $207.78. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The company has a market cap of $25.57 billion, a PE ratio of -319.27 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same period last year, the business earned $0.51 EPS. The business's revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 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.