AQR Capital Management LLC Has $7.20 Million Position in MongoDB, Inc. $MDB

AQR Capital Management LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,678 shares of the company's stock after purchasing an additional 4,552 shares during the quarter. AQR Capital Management LLC owned 0.05% of MongoDB worth $7,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MDB. Primecap Management Co. CA raised its holdings in shares of MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after purchasing an additional 780,200 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of MongoDB in the 1st quarter valued at $128,706,000. Vanguard Group Inc. boosted its stake in shares of MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock valued at $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of MongoDB by 425.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company's stock valued at $97,548,000 after acquiring an additional 450,336 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of MongoDB by 134.6% during the first quarter. Deutsche Bank AG now owns 690,774 shares of the company's stock worth $121,162,000 after purchasing an additional 396,311 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on MongoDB from $320.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Piper Sandler upped their price objective on shares of MongoDB from $275.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Sanford C. Bernstein upped their price objective on MongoDB from $319.00 to $338.00 and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Wolfe Research lifted their price objective on shares of MongoDB from $280.00 to $350.00 and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Finally, Morgan Stanley upped their target price on shares of MongoDB from $255.00 to $325.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. 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 company's stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus price target of $310.86.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company's stock, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles M. Hazard, Jr. sold 833 shares of MongoDB stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total transaction of $258,230.00. Following the transaction, the director directly owned 47,366 shares of the company's stock, valued at approximately $14,683,460. This trade represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,730 shares of company stock worth $16,292,409 over the last quarter. Company insiders own 3.10% of the company's stock.

MongoDB Price Performance

MDB opened at $332.10 on Friday. The business has a 50 day simple moving average of $243.83 and a two-hundred day simple moving average of $209.54. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of -338.88 and a beta of 1.49.

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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