Aljian Capital Management LLC Has $789,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Aljian Capital Management LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 76.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,501 shares of the company's stock after buying 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 SEC filing.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its position in MongoDB by 8.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 211,534 shares of the company's stock worth $37,103,000 after purchasing an additional 16,091 shares during the last quarter. Diversified Trust Co lifted its stake in MongoDB by 117.8% in the first quarter. Diversified Trust Co now owns 15,071 shares of the company's stock worth $2,643,000 after acquiring an additional 8,152 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in MongoDB by 13.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 19,449 shares of the company's stock worth $3,411,000 after acquiring an additional 2,270 shares in the last quarter. WoodTrust Financial Corp raised its holdings in shares of MongoDB by 21.2% in the 1st quarter. WoodTrust Financial Corp now owns 5,150 shares of the company's stock valued at $903,000 after purchasing an additional 900 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of MongoDB by 41.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,058 shares of the company's stock worth $1,238,000 after purchasing an additional 2,085 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $1.61 during midday trading on Wednesday, reaching $204.43. The company had a trading volume of 2,167,276 shares, compared to its average volume of 2,326,940. The stock has a market capitalization of $16.70 billion, a P/E ratio of -179.32 and a beta of 1.41. The stock's fifty day moving average price is $193.07 and its 200-day moving average price is $216.17. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period last year, the business earned $0.51 EPS. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the chief executive officer directly owned 256,974 shares in the company, valued at $60,131,916. This represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,999 shares of company stock valued at $6,728,127 over the last three months. Company insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MDB shares. UBS Group increased their price objective on MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. KeyCorp downgraded shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Morgan Stanley decreased their price objective on MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Monness Crespi & Hardt raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective on the stock in a research note on Thursday, June 5th. Finally, Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.47.

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.