Matauro LLC Takes $715,000 Position in MongoDB, Inc. $MDB

Key Points

• Matauro LLC has taken a new position in MongoDB, Inc., purchasing 3,406 shares valued at approximately $715,000 during the second quarter.
• Insider trading revealed that Thomas Bull, the CAO, and Dwight A. Merriman, a director, sold significant shares of MongoDB stock, impacting their ownership by 7.94% and 1.15%, respectively.
• Various analysts have raised their price targets on MongoDB, with Stifel Nicolaus increasing its target from $325.00 to $375.00, indicating a strong interest in the company.

Matauro LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,406 shares of the company's stock, valued at approximately $715,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake 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 buying an additional 65 shares during the period. Wedbush Securities Inc. raised its stake in MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after buying an additional 77 shares during the period. Fifth Third Bancorp raised its stake in MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 shares during the period. Arizona State Retirement System raised its stake in MongoDB by 0.4% during the 1st quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock worth $3,772,000 after buying an additional 83 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in MongoDB by 6.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company's stock worth $279,000 after buying an additional 85 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 1.5%

Shares of MDB opened at $326.29 on Friday. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of -332.95 and a beta of 1.50. The stock has a 50 day moving average of $275.53 and a 200 day moving average of $219.62. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer directly owned 11,598 shares of the company's stock, valued at $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.80, for a total value of $1,924,800.00. Following the completion of the sale, the director directly owned 514,896 shares of the company's stock, valued at $165,178,636.80. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,163 shares of company stock valued at $31,862,322 in the last ninety days. Insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on MongoDB from $325.00 to $375.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. William Blair restated an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. JMP Securities raised their target price on MongoDB from $345.00 to $375.00 and gave the company a "market outperform" rating in a report on Friday, September 19th. Rosenblatt Securities restated a "buy" rating and issued a $290.00 target price on shares of MongoDB in a report on Friday, August 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $350.00 target price on shares of MongoDB in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $342.69.

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.

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