MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 44.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,425 shares of the company's stock after purchasing an additional 39,311 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of MongoDB worth $22,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDB. HighTower Advisors LLC grew its stake in MongoDB by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after purchasing an additional 372 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in MongoDB by 18.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,328 shares of the company's stock valued at $309,000 after acquiring an additional 211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MongoDB in the 4th quarter valued at approximately $2,063,000. Natixis Advisors LLC raised its holdings in MongoDB by 49.7% in the 4th quarter. Natixis Advisors LLC now owns 27,397 shares of the company's stock valued at $6,378,000 after acquiring an additional 9,093 shares in the last quarter. Finally, Primecap Management Co. CA raised its holdings in shares of MongoDB by 28.6% in the 4th quarter. Primecap Management Co. CA now owns 90,350 shares of the company's stock worth $21,034,000 after buying an additional 20,100 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

MongoDB stock traded up $2.68 during mid-day trading on Friday, hitting $221.21. The company's stock had a trading volume of 1,822,164 shares, compared to its average volume of 1,984,265. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of -194.04 and a beta of 1.41. The business has a 50 day moving average price of $202.71 and a 200-day moving average price of $213.18. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (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 analysts' expectations of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 820 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total transaction of $172,888.80. Following the completion of the transaction, the director owned 1,106,186 shares in the company, valued at $233,228,256.24. This trade represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,746 shares of company stock valued at $7,500,196 over the last three months. Corporate insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MDB shares. Guggenheim increased their price target on MongoDB from $235.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Monness Crespi & Hardt upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target on the stock in a research report on Thursday, June 5th. UBS Group raised their price target on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and issued a $270.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Finally, Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Nine investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $281.35.

MongoDB Company 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.