MongoDB, Inc. (NASDAQ:MDB) Shares Purchased 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 raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,025 shares of the company's stock after purchasing an additional 76,568 shares during the period. Blair William & Co. IL owned about 0.55% of MongoDB worth $78,408,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of MongoDB in the first quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new stake in MongoDB during the first quarter worth approximately $26,000. Cullen Frost Bankers Inc. grew its stake in MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB in the 4th quarter valued at $29,000. Finally, Coppell Advisory Solutions LLC raised its holdings in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after acquiring an additional 182 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Down 7.1%

MDB opened at $220.97 on Friday. The firm's 50 day moving average is $211.50 and its 200-day moving average is $212.23. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The firm has a market capitalization of $18.06 billion, a P/E ratio of -193.83 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share 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 during the quarter, compared to analyst estimates of $527.49 million. During the same period last year, the business earned $0.51 EPS. The business's revenue was up 21.8% on a year-over-year basis. Equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on MDB. Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a research note on Thursday, April 17th. JMP Securities restated a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective on the stock in a report on Thursday, June 5th. Finally, Rosenblatt Securities decreased their target price on shares of MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, June 5th. Nine research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $281.31.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred 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 sale, the director directly owned 1,104,316 shares in the company, valued at $270,557,420. The trade was a 0.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is currently owned by insiders.

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.

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