Keybank National Association OH Boosts Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Keybank National Association OH boosted its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 58.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,126 shares of the company's stock after purchasing an additional 1,892 shares during the period. Keybank National Association OH's holdings in MongoDB were worth $899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of MongoDB during the 4th quarter valued at about $189,584,000. Marshall Wace LLP purchased a new position in shares of MongoDB during the 4th quarter valued at about $110,356,000. Raymond James Financial Inc. purchased a new position in shares of MongoDB during the 4th quarter valued at about $90,478,000. D1 Capital Partners L.P. purchased a new position in shares of MongoDB during the 4th quarter valued at about $76,129,000. Finally, Amundi lifted its position in shares of MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company's stock valued at $172,519,000 after buying an additional 321,186 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the completion of the sale, the chief executive officer directly owned 256,974 shares in the company, valued at approximately $60,131,916. This represents a 8.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,999 shares of company stock worth $6,728,127 in the last quarter. 3.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MDB. Stifel Nicolaus lowered their price objective on MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Barclays lifted their price objective on MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a research note on Thursday, April 17th. Finally, Cantor Fitzgerald lifted their target price on MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $282.47.

MongoDB Price Performance

Shares of MongoDB stock traded up $6.62 on Friday, reaching $211.05. The company had a trading volume of 1,522,935 shares, compared to its average volume of 1,964,837. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of -185.13 and a beta of 1.41. The firm's 50-day moving average price is $195.41 and its two-hundred day moving average price is $215.08. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate 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.