Bridgewater Advisors Inc. Takes Position in MongoDB, Inc. (NASDAQ:MDB)

Bridgewater Advisors Inc. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,158 shares of the company's stock, valued at approximately $202,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Franklin Resources Inc. boosted its holdings in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after buying an additional 181,962 shares during the last quarter. Geode Capital Management LLC lifted its stake in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after acquiring an additional 22,106 shares in the last quarter. First Trust Advisors LP increased its position in shares of MongoDB by 12.6% during the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after purchasing an additional 95,893 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of MongoDB during the 4th quarter worth approximately $189,584,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Buying and Selling

In other news, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 256,974 shares in the company, valued at approximately $60,131,916. The trade was a 8.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the sale, the director owned 1,107,006 shares of the company's stock, valued at $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,746 shares of company stock valued at $7,500,196 in the last three months. Insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of MongoDB stock opened at $218.53 on Friday. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of -191.69 and a beta of 1.41. The firm's 50-day moving average is $201.86 and its two-hundred day moving average is $213.26. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00.

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

Analyst Upgrades and Downgrades

MDB has been the subject of several research analyst reports. Daiwa Capital Markets started coverage on MongoDB in a research note on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price target for the company. Scotiabank lifted their price target on MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Loop Capital downgraded shares of MongoDB from a "buy" rating to a "hold" rating and decreased their price target for the company from $350.00 to $190.00 in a research note on Tuesday, May 20th. Wedbush restated an "outperform" rating and set a $300.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Finally, Wolfe Research initiated coverage on shares of MongoDB in a research note on Wednesday, July 9th. They issued an "outperform" rating and a $280.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $282.39.

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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