Bridgewater Advisors Inc. Invests $202,000 in MongoDB, Inc. (NASDAQ:MDB)

Bridgewater Advisors Inc. purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,158 shares of the company's stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MDB. HighTower Advisors LLC raised its holdings in MongoDB by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after purchasing an additional 372 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in MongoDB by 18.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,328 shares of the company's stock worth $309,000 after purchasing an additional 211 shares in the last quarter. Natixis Advisors LLC raised its holdings in MongoDB by 49.7% during the fourth quarter. Natixis Advisors LLC now owns 27,397 shares of the company's stock worth $6,378,000 after purchasing an additional 9,093 shares in the last quarter. Primecap Management Co. CA raised its holdings in MongoDB by 28.6% during the fourth quarter. Primecap Management Co. CA now owns 90,350 shares of the company's stock worth $21,034,000 after purchasing an additional 20,100 shares in the last quarter. Finally, Xponance Inc. raised its holdings in MongoDB by 9.3% during the fourth quarter. Xponance Inc. now owns 13,677 shares of the company's stock worth $3,184,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Price Performance

MongoDB stock traded up $1.03 during trading on Monday, hitting $222.24. The stock had a trading volume of 1,916,229 shares, compared to its average volume of 1,986,539. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock's 50 day moving average is $202.71 and its two-hundred day moving average is $212.83.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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 business had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Rosenblatt Securities cut their price target on MongoDB from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Piper Sandler increased their price target on MongoDB from $200.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $345.00 price target on shares of MongoDB in a research note on Thursday, June 5th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $281.35.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 32,746 shares of company stock valued at $7,500,196 over 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.