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

Envestnet Asset Management Inc. increased its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 44.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.16% of MongoDB worth $22,350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock valued at $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Franklin Resources Inc. increased its holdings in MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Geode Capital Management LLC increased its holdings in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after acquiring an additional 22,106 shares during the last quarter. First Trust Advisors LP increased its holdings in MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after acquiring an additional 95,893 shares during the last quarter. Finally, Norges Bank bought a new stake in MongoDB in the 4th quarter valued at $189,584,000. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDB has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of MongoDB from $200.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a report on Thursday, April 17th. Macquarie restated a "neutral" rating and issued a $230.00 target price (up from $215.00) on shares of MongoDB in a report on Friday, June 6th. Needham & Company LLC restated a "buy" rating and issued a $270.00 target price on shares of MongoDB in a report on Thursday, June 5th. Finally, Loop Capital downgraded shares of MongoDB from a "buy" rating to a "hold" rating and reduced their target price for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target of $281.35.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director owned 1,107,006 shares in the company, valued at approximately $259,039,404. This represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,746 shares of company stock worth $7,500,196. 3.10% of the stock is owned by corporate insiders.

MongoDB Stock Down 0.0%

Shares of NASDAQ MDB traded down $0.01 during trading hours on Friday, hitting $218.52. 234,258 shares of the stock were exchanged, compared to its average volume of 1,976,370. The company has a market cap of $17.86 billion, a PE ratio of -191.14 and a beta of 1.41. The firm has a fifty day moving average price of $201.86 and a 200-day moving average price of $213.26. 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 issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the business posted $0.51 EPS. MongoDB's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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.