995 Shares in MongoDB, Inc. $MDB Acquired by SeaBridge Investment Advisors LLC

Key Points

• SeaBridge Investment Advisors LLC acquired 995 shares of MongoDB, Inc. (NASDAQ:MDB), valued at approximately $209,000, as disclosed in their latest filing with the SEC.
• Institutional ownership of MongoDB is high, with approximately 89.29% of the stock owned by institutional investors and hedge funds.
• The stock has experienced a significant price target increase from several analysts, with Goldman Sachs raising its target from $325.00 to $370.00, indicating strong market confidence.

SeaBridge Investment Advisors LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 995 shares of the company's stock, valued at approximately $209,000.

A number of other institutional investors have also modified their holdings of MDB. Two Sigma Investments LP purchased a new position in shares of MongoDB during the 4th quarter worth approximately $768,000. Toronto Dominion Bank increased its stake in MongoDB by 10.8% during the fourth quarter. Toronto Dominion Bank now owns 10,484 shares of the company's stock worth $2,441,000 after acquiring an additional 1,022 shares during the last quarter. Mackenzie Financial Corp raised its position in MongoDB by 47.8% in the fourth quarter. Mackenzie Financial Corp now owns 5,731 shares of the company's stock valued at $1,334,000 after purchasing an additional 1,854 shares during the period. Centaurus Financial Inc. grew its holdings in MongoDB by 19.0% during the 4th quarter. Centaurus Financial Inc. now owns 2,499 shares of the company's stock valued at $582,000 after purchasing an additional 399 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of MongoDB by 237.2% during the 1st quarter. Versant Capital Management Inc now owns 607 shares of the company's stock valued at $106,000 after buying an additional 427 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

MDB stock opened at $318.41 on Friday. The company's 50 day simple moving average is $268.22 and its 200-day simple moving average is $216.20. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The firm has a market capitalization of $25.90 billion, a P/E ratio of -324.91 and a beta of 1.49.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 25,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director directly owned 1,079,316 shares in the company, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares of the company's stock, valued at $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,910 shares of company stock valued at $32,634,392. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $325.00 to $370.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. JMP Securities increased their price target on MongoDB from $345.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Friday, September 19th. Piper Sandler lifted their price objective on shares of MongoDB from $345.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Robert W. Baird boosted their price target on shares of MongoDB from $260.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Finally, William Blair reiterated an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $336.83.

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.

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