MongoDB, Inc. $MDB Shares Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its shares in MongoDB by 75.6% during Q2, accumulating a total of 4,777 shares valued at approximately $1,003,000.
• In total, institutional investors and hedge funds own 89.29% of MongoDB's stock, highlighting strong institutional interest in the company.
• Analysts have raised their price targets for MongoDB, with estimates ranging from $290.00 to $385.00, indicating a "Moderate Buy" consensus rating.

Fort Washington Investment Advisors Inc. OH raised its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 75.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,777 shares of the company's stock after buying an additional 2,057 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in MongoDB were worth $1,003,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC acquired a new stake in shares of MongoDB during the 2nd quarter valued at approximately $209,000. Perigon Wealth Management LLC raised its holdings in shares of MongoDB by 6.4% during the second quarter. Perigon Wealth Management LLC now owns 2,425 shares of the company's stock worth $509,000 after purchasing an additional 145 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of MongoDB by 11.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,485 shares of the company's stock worth $5,142,000 after buying an additional 2,438 shares during the last quarter. Peregrine Investment Management Inc. boosted its holdings in shares of MongoDB by 16.2% in the 2nd quarter. Peregrine Investment Management Inc. now owns 22,000 shares of the company's stock valued at $4,620,000 after buying an additional 3,060 shares during the period. Finally, Covea Finance grew its position in shares of MongoDB by 48.6% during the 2nd quarter. Covea Finance now owns 42,200 shares of the company's stock valued at $8,862,000 after buying an additional 13,800 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director owned 14,493 shares in the company, valued at approximately $4,492,830. This represents a 1.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the firm's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director directly owned 32,293 shares of the company's stock, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,910 shares of company stock valued at $32,634,392. Corporate insiders own 3.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MDB. Needham & Company LLC raised their target price on shares of MongoDB from $325.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Stifel Nicolaus raised their price target on MongoDB from $325.00 to $375.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Macquarie upped their price objective on MongoDB from $265.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday, September 18th. Oppenheimer increased their target price on MongoDB from $325.00 to $385.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $290.00 price target on shares of MongoDB in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $336.83.

MongoDB Trading Down 0.4%

Shares of NASDAQ MDB opened at $317.00 on Tuesday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The firm has a 50-day moving average of $270.12 and a two-hundred day moving average of $217.34. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of -323.47 and a beta of 1.49.

MongoDB Company 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.

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