Fluent Financial LLC Takes $1.06 Million Position in MongoDB, Inc. $MDB

Fluent Financial LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,038 shares of the company's stock, valued at approximately $1,058,000.

Several other large investors have also recently bought and sold shares of MDB. Vanguard Group Inc. lifted its stake in shares of MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock valued at $1,369,833,000 after acquiring an additional 481,023 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock worth $223,011,000 after purchasing an additional 129,451 shares during the last quarter. Amundi lifted its position in MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company's stock valued at $173,378,000 after purchasing an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of MongoDB in the 1st quarter valued at about $161,543,000. Finally, Primecap Management Co. CA boosted its stake in shares of MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after purchasing an additional 780,200 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of MongoDB from $325.00 to $375.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Sanford C. Bernstein increased their price target on MongoDB from $319.00 to $338.00 and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Needham & Company LLC raised their price target on MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Cantor Fitzgerald upped their price objective on MongoDB from $312.00 to $406.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company initiated coverage on MongoDB in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $430.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $342.69.

MongoDB Trading Up 2.6%

NASDAQ:MDB opened at $326.78 on Thursday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a 50-day moving average price of $281.87 and a two-hundred day moving average price of $223.26. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of -333.45 and a beta of 1.50.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company's stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer directly owned 11,598 shares in the company, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,163 shares of company stock worth $31,862,322 in the last three months. 3.10% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.