Aljian Capital Management LLC Acquires 1,945 Shares of MongoDB, Inc. (NASDAQ:MDB)

Aljian Capital Management LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 76.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,501 shares of the company's stock after purchasing an additional 1,945 shares during the quarter. Aljian Capital Management LLC's holdings in MongoDB were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. IFP Advisors Inc lifted its holdings in shares of MongoDB by 54.3% in the 4th quarter. IFP Advisors Inc now owns 1,632 shares of the company's stock worth $380,000 after acquiring an additional 574 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of MongoDB by 1.9% in the 4th quarter. Amalgamated Bank now owns 4,713 shares of the company's stock worth $1,097,000 after acquiring an additional 89 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of MongoDB by 1.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 28,100 shares of the company's stock worth $6,542,000 after acquiring an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of MongoDB by 93.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,193 shares of the company's stock worth $2,140,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of MongoDB in the 4th quarter worth about $10,135,000. Institutional investors own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDB. Cantor Fitzgerald raised their target price on shares of MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Canaccord Genuity Group reduced their price target on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Guggenheim raised their price target on shares of MongoDB from $235.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Mizuho reduced their price target on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $230.00 price target (up previously from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Eight research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $282.47.

MongoDB Stock Up 0.3%

Shares of MongoDB stock opened at $209.92 on Friday. The firm's 50 day moving average price is $190.83 and its 200-day moving average price is $217.14. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The company has a market cap of $17.15 billion, a P/E ratio of -184.14 and a beta of 1.39.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the sale, the chief executive officer now directly owns 256,974 shares of the company's stock, valued at $60,131,916. This represents a 8.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 820 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total transaction of $172,888.80. Following the completion of the sale, the director now directly owns 1,106,186 shares in the company, valued at $233,228,256.24. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,202 shares of company stock worth $10,576,696 in the last three months. Corporate insiders own 3.10% of the company's stock.

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.

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