Amundi Has $173.38 Million Holdings in MongoDB, Inc. $MDB

Key Points

• Amundi increased its stake in MongoDB, Inc. by 53.0% during the first quarter, owning approximately 1.31% of the company valued at $173,378,000.
• Other institutional investors such as Vanguard and Primecap Management also significantly raised their positions in MongoDB, contributing to a total of 89.29% institutional ownership.
• Research firms have expressed positive outlooks on MongoDB, with a consensus rating of "Moderate Buy" and an average price target of $310.86.

Amundi increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 53.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,061,457 shares of the company's stock after buying an additional 367,717 shares during the quarter. Amundi owned 1.31% of MongoDB worth $173,378,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MDB. Cetera Investment Advisers increased its holdings in MongoDB by 44.1% in the 4th quarter. Cetera Investment Advisers now owns 14,316 shares of the company's stock worth $3,333,000 after acquiring an additional 4,384 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in MongoDB in the 4th quarter worth approximately $12,041,000. Diker Management LLC increased its stake in shares of MongoDB by 66.7% in the 4th quarter. Diker Management LLC now owns 10,000 shares of the company's stock worth $2,328,000 after acquiring an additional 4,000 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of MongoDB by 52.9% in the 4th quarter. Deutsche Bank AG now owns 294,463 shares of the company's stock valued at $68,554,000 after buying an additional 101,819 shares during the period. Finally, Circle Wealth Management LLC grew its holdings in MongoDB by 7.0% during the fourth quarter. Circle Wealth Management LLC now owns 4,846 shares of the company's stock worth $1,128,000 after acquiring an additional 315 shares during the period. Institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Charles M. Hazard, Jr. sold 166 shares of MongoDB stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total transaction of $51,460.00. Following the transaction, the director directly owned 14,493 shares of the company's stock, valued at $4,492,830. The trade was a 1.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director directly owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,730 shares of company stock valued at $15,966,159 over the last quarter. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

MDB has been the subject of a number of research analyst reports. DA Davidson boosted their price target on MongoDB from $275.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. BMO Capital Markets increased their target price on MongoDB from $280.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Robert W. Baird boosted their target price on MongoDB from $260.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Guggenheim upped their price target on shares of MongoDB from $260.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Finally, Zacks Research upgraded shares of MongoDB to a "hold" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $310.86.

MongoDB Trading Down 0.1%

MDB stock traded down $0.28 during mid-day trading on Monday, hitting $324.46. The stock had a trading volume of 867,326 shares, compared to its average volume of 2,525,020. The firm has a fifty day simple moving average of $234.03 and a 200 day simple moving average of $207.01. 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 $26.40 billion, a P/E ratio of -330.65 and a beta of 1.49.

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.