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

Diversified Trust Co increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 117.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB in the 4th quarter valued at about $29,000. Coppell Advisory Solutions LLC raised its stake in MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC raised its stake in MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after acquiring an additional 134 shares during the period. J.Safra Asset Management Corp raised its stake in MongoDB by 72.0% during the fourth quarter. J.Safra Asset Management Corp now owns 387 shares of the company's stock worth $91,000 after acquiring an additional 162 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in MongoDB during the fourth quarter worth about $97,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the sale, the director now owns 19,333 shares in the company, valued at $3,377,281.77. This represents a 5.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,202 shares of company stock worth $10,576,696. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $209.92 on Friday. The company has a market cap of $17.15 billion, a PE ratio of -184.14 and a beta of 1.39. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The firm has a 50 day simple moving average of $189.81 and a 200 day simple moving average of $218.26.

MongoDB (NASDAQ:MDB - Get Free Report) last issued 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 business had revenue of $549.01 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MDB shares. Mizuho decreased their target price on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Oppenheimer decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $320.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Robert W. Baird decreased their target price on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average target price of $282.47.

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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