Deutsche Bank AG lifted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 134.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 690,774 shares of the company's stock after purchasing an additional 396,311 shares during the quarter. Deutsche Bank AG owned about 0.85% of MongoDB worth $121,162,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MDB. OneDigital Investment Advisors LLC grew its holdings 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 purchasing an additional 39 shares during the period. Handelsbanken Fonder AB grew its holdings 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 grew its holdings 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. Wedbush Securities Inc. grew its holdings in MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock valued at $530,000 after purchasing an additional 77 shares during the period. Finally, Fifth Third Bancorp grew its holdings 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. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at MongoDB
In related news, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the sale, the chief executive officer directly owned 236,557 shares of the company's stock, valued at $57,693,886.73. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director owned 1,104,316 shares in the company, valued at $270,557,420. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have issued reports on MDB shares. Wedbush restated an "outperform" rating and issued a $300.00 target price on shares of MongoDB in a report on Thursday, June 5th. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. Wolfe Research began coverage on MongoDB in a report on Wednesday, July 9th. They issued an "outperform" rating and a $280.00 price objective on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $320.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Finally, Guggenheim upped their price target on MongoDB from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Nine analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus price target of $281.31.
Read Our Latest Research Report on MDB
MongoDB Stock Performance
Shares of NASDAQ MDB opened at $209.18 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of -183.49 and a beta of 1.44. The stock's 50-day simple moving average is $215.26 and its 200-day simple moving average is $211.22.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $0.51 earnings per share. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
MongoDB Company Profile
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Free Report)
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.
Further Reading

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