2,612 Shares in MongoDB, Inc. (NASDAQ:MDB) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,612 shares of the company's stock, valued at approximately $458,000.

Several other institutional investors have also modified their holdings of MDB. US Bancorp DE grew its position in shares of MongoDB by 8.3% in the fourth quarter. US Bancorp DE now owns 4,190 shares of the company's stock valued at $975,000 after purchasing an additional 321 shares during the period. Smartleaf Asset Management LLC grew its position in shares of MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after purchasing an additional 134 shares during the period. Jones Financial Companies Lllp grew its position in shares of MongoDB by 68.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after purchasing an additional 413 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of MongoDB by 12.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock valued at $272,000 after purchasing an additional 133 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of MongoDB by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 295,213 shares of the company's stock worth $68,729,000 after buying an additional 16,794 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Up 3.2%

Shares of MDB traded up $6.62 during trading on Friday, reaching $211.05. 1,522,935 shares of the company traded hands, compared to its average volume of 1,964,837. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The stock has a market cap of $17.24 billion, a PE ratio of -185.13 and a beta of 1.41. The stock has a 50-day simple moving average of $195.41 and a 200-day simple moving average of $215.08.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $527.49 million. During the same period last year, the business earned $0.51 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 2,000 shares of the firm'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 value of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares of the company's stock, valued at approximately $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,999 shares of company stock valued at $6,728,127. 3.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho decreased their price target on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Monness Crespi & Hardt raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target on the stock in a research note on Thursday, June 5th. Barclays raised their price target on shares of MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. 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 research note on Thursday, April 17th. Finally, Macquarie reissued a "neutral" rating and issued a $230.00 price target (up from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Eight research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.