Diversified Trust Co Boosts Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Diversified Trust Co grew its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 117.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,071 shares of the company's stock after purchasing an additional 8,152 shares during the period. Diversified Trust Co's holdings in MongoDB were worth $2,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDB. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB during the fourth quarter worth $29,000. Coppell Advisory Solutions LLC increased its stake in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after buying an additional 182 shares during the period. Smartleaf Asset Management LLC lifted its holdings in MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after buying an additional 134 shares in the last quarter. J.Safra Asset Management Corp boosted its position in MongoDB by 72.0% in the 4th quarter. J.Safra Asset Management Corp now owns 387 shares of the company's stock valued at $91,000 after buying an additional 162 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in MongoDB in the 4th quarter worth about $97,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, CFO Srdjan Tanjga sold 525 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the sale, the chief financial officer owned 6,406 shares in the company, valued at approximately $1,109,903.56. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider directly owned 57,634 shares of the company's stock, valued at $9,985,666.84. The trade was a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,027 shares of company stock valued at $10,371,435 in the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Trading Down 1.9%

Shares of MDB stock traded down $4.05 during trading hours on Tuesday, hitting $205.94. The company's stock had a trading volume of 1,083,562 shares, compared to its average volume of 1,956,340. The stock has a market cap of $16.83 billion, a PE ratio of -180.82 and a beta of 1.40. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The company has a 50 day moving average of $191.99 and a 200 day moving average of $216.25.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to analyst estimates 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 revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Guggenheim lifted their price target on shares of MongoDB from $235.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Wells Fargo & Company cut MongoDB from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Robert W. Baird dropped their price target on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective for the company in a research note on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus target price of $282.47.

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.