Baader Bank Aktiengesellschaft Decreases Stake in MongoDB, Inc. $MDB

Key Points

• Baader Bank Aktiengesellschaft reduced its stake in MongoDB, Inc. by 15.9%, selling 794 shares despite still owning 4,206 shares worth $855,000 by the end of the quarter.
• Institutional investors now own 89.29% of MongoDB's stock, with several hedge funds acquiring new positions valued between $219,000 and $432,000 during the second quarter.
• Multiple brokerages have increased their target prices on MongoDB stock, with ratings predominantly reflecting a "buy" status, signaling strong growth expectations.

Baader Bank Aktiengesellschaft cut its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,206 shares of the company's stock after selling 794 shares during the period. Baader Bank Aktiengesellschaft's holdings in MongoDB were worth $855,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MDB. Janus Henderson Group PLC grew its stake in shares of MongoDB by 5.3% in the fourth quarter. Janus Henderson Group PLC now owns 8,335 shares of the company's stock worth $1,940,000 after purchasing an additional 421 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of MongoDB by 10.8% in the fourth quarter. Toronto Dominion Bank now owns 10,484 shares of the company's stock worth $2,441,000 after purchasing an additional 1,022 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of MongoDB in the fourth quarter worth $6,519,000. Two Sigma Investments LP bought a new stake in shares of MongoDB in the fourth quarter worth $768,000. Finally, Vident Advisory LLC grew its stake in shares of MongoDB by 25.9% in the fourth quarter. Vident Advisory LLC now owns 1,851 shares of the company's stock worth $431,000 after purchasing an additional 381 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MDB shares. Monness Crespi & Hardt boosted their price objective on shares of MongoDB from $295.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Scotiabank upped their price target on shares of MongoDB from $280.00 to $320.00 and gave the company a "sector perform" rating in a research report on Friday. Wolfe Research upped their price target on shares of MongoDB from $280.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Bank of America upped their price target on shares of MongoDB from $345.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Zacks Research raised shares of MongoDB to a "hold" rating in a research report on Friday, August 8th. One equities research 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $336.83.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director owned 1,104,316 shares of the company's stock, valued at $270,557,420. This represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles M. Hazard, Jr. sold 833 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total transaction of $258,230.00. Following the transaction, the director directly owned 47,366 shares in the company, valued at $14,683,460. This trade represents a 1.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,730 shares of company stock worth $16,441,331. 3.10% of the stock is currently owned by insiders.

MongoDB Price Performance

Shares of MDB stock traded up $3.06 on Monday, reaching $326.49. 572,986 shares of the company were exchanged, compared to its average volume of 2,514,039. The company has a market cap of $26.56 billion, a price-to-earnings ratio of -331.73 and a beta of 1.49. The company has a 50-day moving average of $257.58 and a 200-day moving average of $211.90. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.

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.