Cetera Investment Advisers Has $3.41 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Cetera Investment Advisers boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 35.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,424 shares of the company's stock after buying an additional 5,108 shares during the quarter. Cetera Investment Advisers' holdings in MongoDB were worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MDB. OneDigital Investment Advisors LLC grew its position in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock valued at $243,000 after purchasing an additional 39 shares in the last quarter. Handelsbanken Fonder AB increased its stake in MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after acquiring an additional 65 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of MongoDB by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock valued at $383,000 after acquiring an additional 75 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock valued at $530,000 after acquiring an additional 77 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the firm'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 completion of the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the transaction, the chief executive officer owned 236,557 shares in the company, valued at $57,693,886.73. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock worth $11,936,656 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MDB shares. DA Davidson reiterated a "buy" rating and issued a $275.00 target price on shares of MongoDB in a research report on Thursday, June 5th. BMO Capital Markets started coverage on MongoDB in a research report on Monday, July 28th. They issued an "outperform" rating and a $280.00 target price for the company. Mizuho dropped their target price on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Rosenblatt Securities decreased their price target on shares of MongoDB from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. Finally, Bank of America upped their price objective on shares of MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Nine research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and a consensus price target of $281.31.

MongoDB Trading Up 3.3%

Shares of MDB traded up $7.57 during mid-day trading on Wednesday, hitting $235.82. 1,787,292 shares of the company's stock were exchanged, compared to its average volume of 2,289,495. The business's 50 day moving average is $213.10 and its two-hundred day moving average is $211.90. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The firm has a market capitalization of $19.27 billion, a P/E ratio of -206.86 and a beta of 1.44.

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. The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

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.