Clarius Group LLC Makes New Investment in MongoDB, Inc. $MDB

Key Points

• Clarius Group LLC acquired 1,276 shares of MongoDB, Inc. for approximately $268,000, indicating continued interest from institutional investors in the company.
• Multiple analysts have increased their price targets for MongoDB, with BMO Capital Markets raising its target from $315 to $365 and Piper Sandler from $345 to $400, reflecting a positive outlook for the stock.
• Insider sales have occurred, with Directors Hope F. Cochran and Dwight A. Merriman selling shares valued at over $8 million, which may signal changes in confidence among company leadership.

Clarius Group LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,276 shares of the company's stock, valued at approximately $268,000.

A number of other large investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company's stock worth $314,000 after buying an additional 249 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of MongoDB by 52.6% in the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after acquiring an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MongoDB by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock worth $1,359,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of MongoDB by 181.8% in the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company's stock valued at $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of MongoDB during the 1st quarter valued at $263,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total transaction of $384,989.82. Following the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director directly owned 1,079,316 shares of the company's stock, valued at approximately $345,543,017.40. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,163 shares of company stock worth $31,862,322. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MDB shares. BMO Capital Markets boosted their price target on shares of MongoDB from $315.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. UBS Group lifted their price objective on MongoDB from $310.00 to $330.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. Piper Sandler boosted their target price on MongoDB from $345.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Monness Crespi & Hardt increased their target price on MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Finally, Needham & Company LLC lifted their price target on MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus target price of $342.69.

MongoDB Stock Performance

MDB opened at $321.93 on Tuesday. The stock has a market capitalization of $26.19 billion, a PE ratio of -328.50 and a beta of 1.50. The stock's 50 day moving average price is $278.67 and its 200-day moving average price is $221.87. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

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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