Fort Washington Investment Advisors Inc. OH Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,720 shares of the company's stock, valued at approximately $477,000.

Several other hedge funds also recently modified their holdings of MDB. Fifth Third Bancorp lifted its holdings in shares of MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after purchasing an additional 78 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of MongoDB by 24.4% in the first quarter. Assenagon Asset Management S.A. now owns 369,313 shares of the company's stock worth $64,778,000 after acquiring an additional 72,424 shares during the period. Handelsbanken Fonder AB raised its holdings in MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after purchasing an additional 65 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of MongoDB by 1,230.3% in the 1st quarter. SG Americas Securities LLC now owns 24,997 shares of the company's stock valued at $4,384,000 after purchasing an additional 23,118 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in MongoDB by 57.2% in the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock valued at $219,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MDB. Daiwa Capital Markets started coverage on MongoDB in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price target on the stock. Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald boosted their target price on shares of MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $282.47.

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Cedric Pech sold 1,690 shares of the business'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 $292,809.40. Following the sale, the insider now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total value of $205,260.75. Following the sale, the director now owns 19,333 shares of the company's stock, valued at $3,377,281.77. The trade was a 5.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,208 shares of company stock worth $10,167,739. 3.10% of the stock is owned by company insiders.

MongoDB Stock Performance

MDB traded down $1.01 on Monday, reaching $204.62. 779,059 shares of the company's stock were exchanged, compared to its average volume of 1,950,810. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The company's 50 day moving average is $181.84 and its 200-day moving average is $224.77. The company has a market cap of $16.61 billion, a price-to-earnings ratio of -74.77 and a beta of 1.39.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. Sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

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.