MongoDB, Inc. $MDB Shares Acquired by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in MongoDB, Inc. by 16.5%, now owning 30,400 shares worth approximately $6.38 million after acquiring an additional 4,300 shares.
• Over 89% of MongoDB's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Recent analyst reports indicate a bullish outlook for MongoDB, with price targets raised by multiple firms, including Bank of America setting a target of $380.

Mn Services Vermogensbeheer B.V. lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,400 shares of the company's stock after purchasing an additional 4,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in MongoDB were worth $6,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Handelsbanken Fonder AB increased its stake in shares of MongoDB by 0.4% in the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock valued at $2,599,000 after purchasing an additional 65 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of MongoDB by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock valued at $530,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Bancorp increased 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 in the last quarter. Arizona State Retirement System increased 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 in the last quarter. Finally, Moody National Bank Trust Division increased its stake in MongoDB by 5.6% during the 1st quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock worth $307,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

MDB traded down $2.56 during trading hours on Tuesday, reaching $321.03. The company's stock had a trading volume of 1,097,487 shares, compared to its average volume of 2,513,615. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The stock has a market cap of $26.12 billion, a PE ratio of -326.16 and a beta of 1.49. The business's 50-day moving average is $260.02 and its 200-day moving average is $212.85.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director directly owned 1,104,316 shares in the company, valued at $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,730 shares of company stock valued at $16,441,331 over the last ninety days. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Stephens assumed coverage on MongoDB in a research note on Friday, July 18th. They set an "equal weight" rating and a $247.00 price objective for the company. JMP Securities boosted their price objective on MongoDB from $345.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Friday. Monness Crespi & Hardt boosted their price objective on MongoDB from $295.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Barclays boosted their target price on MongoDB from $305.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Finally, UBS Group upped their price target on MongoDB from $310.00 to $330.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $336.83.

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.