Brown Advisory Inc. Grows Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Brown Advisory Inc. boosted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 671.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,258 shares of the company's stock after acquiring an additional 21,112 shares during the period. Brown Advisory Inc.'s holdings in MongoDB were worth $4,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its position in MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock valued at $243,000 after acquiring an additional 39 shares during the last quarter. Handelsbanken Fonder AB increased its stake in MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares during the period. O Shaughnessy Asset Management LLC increased its stake in MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after purchasing an additional 75 shares during the period. Fifth Third Bancorp increased its stake in MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock valued at $100,000 after purchasing an additional 78 shares during the period. Finally, Moody National Bank Trust Division increased its stake in MongoDB by 5.6% in the first quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock valued at $307,000 after purchasing an additional 93 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $202.51 on Friday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The company has a market capitalization of $16.55 billion, a PE ratio of -177.64 and a beta of 1.41. The firm's 50-day moving average is $199.07 and its two-hundred day moving average is $214.09.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on MDB shares. Daiwa Capital Markets started coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective on the stock. Daiwa America upgraded shares of MongoDB to a "strong-buy" rating in a research note on Tuesday, April 1st. Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and dropped their price objective for the company from $350.00 to $190.00 in a research note on Tuesday, May 20th. Scotiabank boosted their price target on shares of MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Finally, Cantor Fitzgerald boosted their price target on shares of MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $282.39.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director owned 1,107,006 shares of the company's stock, valued at approximately $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction that occurred 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 directly owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,746 shares of company stock valued at $7,500,196. Company insiders own 3.10% of the company's stock.

About MongoDB

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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