Assenagon Asset Management S.A. Has $144.93 Million Stake in MongoDB, Inc. $MDB

Key Points

• Assenagon Asset Management S.A. increased its stake in MongoDB, Inc. by 86.9% in Q2, bringing its total ownership to approximately 0.84% of the company, valued at $144.9 million.
• Multiple institutional investors have significantly increased their holdings, with Primecap Management Co. CA raising its stake by 863.5% and Vanguard Group Inc. increasing theirs by 6.6% in Q1.
• Analysts have adjusted their target prices for MongoDB, with Oppenheimer raising it from $325.00 to $385.00, while the consensus rating remains a "Moderate Buy" with a target price of $335.83.

Assenagon Asset Management S.A. increased its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 86.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 690,190 shares of the company's stock after acquiring an additional 320,877 shares during the period. Assenagon Asset Management S.A. owned approximately 0.84% of MongoDB worth $144,933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. bought a new position in shares of MongoDB during the 1st quarter valued at about $161,543,000. Primecap Management Co. CA boosted its holdings in shares of MongoDB by 863.5% in the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock worth $152,694,000 after buying an additional 780,200 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of MongoDB in the first quarter worth approximately $128,706,000. Vanguard Group Inc. lifted its position in shares of MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in MongoDB by 425.6% during the first quarter. Alyeska Investment Group L.P. now owns 556,144 shares of the company's stock valued at $97,548,000 after acquiring an additional 450,336 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Up 2.3%

Shares of NASDAQ MDB traded up $7.13 during trading hours on Friday, hitting $323.43. The company had a trading volume of 3,033,722 shares, compared to its average volume of 4,094,820. The firm's 50 day moving average is $257.58 and its 200-day moving average is $211.77. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The stock has a market capitalization of $26.31 billion, a P/E ratio of -330.03 and a beta of 1.49.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles M. Hazard, Jr. sold 833 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 value of $258,230.00. Following the transaction, the director owned 47,366 shares in the company, valued at $14,683,460. The trade was 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. Corporate insiders own 3.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Friday. Oppenheimer lifted their price target on shares of MongoDB from $325.00 to $385.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of MongoDB from $255.00 to $325.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. DA Davidson boosted their target price on shares of MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research note on Thursday. Finally, UBS Group lifted their price target on MongoDB from $310.00 to $330.00 and gave the company a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $335.83.

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.