MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its position in MongoDB by 20.7%, now owning 447,025 shares valued at approximately $78.4 million.
• MongoDB's stock recently fell by 7.1%, with current trading at $220.97, and it has a market capitalization of $18.06 billion.
• In its latest earnings report, MongoDB beat analysts' estimates by posting $1.00 EPS against a consensus of $0.65, with revenues of $549.01 million, up 21.8% year-over-year.

Blair William & Co. IL increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 447,025 shares of the company's stock after purchasing an additional 76,568 shares during the period. Blair William & Co. IL owned approximately 0.55% of MongoDB worth $78,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after purchasing an additional 22,106 shares during the last quarter. First Trust Advisors LP lifted its stake in MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after purchasing an additional 95,893 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in MongoDB by 0.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 508,886 shares of the company's stock worth $118,474,000 after acquiring an additional 2,350 shares during the last quarter. Marshall Wace LLP acquired a new stake in MongoDB during the fourth quarter worth approximately $110,356,000. Finally, Northern Trust Corp raised its position in shares of MongoDB by 6.4% in the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company's stock valued at $108,957,000 after buying an additional 27,981 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $243.89, for a total transaction of $2,032,823.15. Following the completion of the sale, the chief executive officer directly owned 236,557 shares in the company, valued at approximately $57,693,886.73. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the transaction, the director owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. This represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,416 shares of company stock valued at $11,936,656. Insiders own 3.10% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $19.25 during midday trading on Thursday, reaching $216.57. The stock had a trading volume of 1,350,456 shares, compared to its average volume of 2,282,252. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of -191.33 and a beta of 1.44. The stock has a 50-day moving average of $214.05 and a 200-day moving average of $212.07. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter last year, the firm posted $0.51 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MDB shares. Guggenheim boosted their target price on shares of MongoDB from $235.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Loop Capital downgraded shares of MongoDB from a "buy" rating to a "hold" rating and decreased their target price for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Mizuho reduced their price objective on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Rosenblatt Securities reduced their price objective on shares of MongoDB from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, June 5th. Finally, Scotiabank increased their target price on shares of MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $281.31.

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.