MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 41.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,058 shares of the company's stock after purchasing an additional 2,085 shares during the period. Oppenheimer Asset Management Inc.'s holdings in MongoDB were worth $1,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. IFP Advisors Inc raised its stake in shares of MongoDB by 54.3% in the fourth quarter. IFP Advisors Inc now owns 1,632 shares of the company's stock worth $380,000 after purchasing an additional 574 shares during the last quarter. Amalgamated Bank increased its holdings in MongoDB by 1.9% in the 4th quarter. Amalgamated Bank now owns 4,713 shares of the company's stock worth $1,097,000 after buying an additional 89 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in MongoDB by 1.8% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 28,100 shares of the company's stock worth $6,542,000 after buying an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in MongoDB by 93.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 9,193 shares of the company's stock worth $2,140,000 after buying an additional 4,440 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in MongoDB during the 4th quarter valued at approximately $10,135,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $3.95 during trading on Tuesday, reaching $206.04. The stock had a trading volume of 2,145,428 shares, compared to its average volume of 1,958,028. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The stock has a market cap of $16.84 billion, a PE ratio of -180.74 and a beta of 1.41. The business has a fifty day moving average price of $193.07 and a 200-day moving average price of $216.17.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data 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 return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter last year, the firm posted $0.51 EPS. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDB. Macquarie reiterated a "neutral" rating and issued a $230.00 price objective (up previously from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Piper Sandler increased their price target on MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Canaccord Genuity Group reduced their price objective on MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Robert W. Baird lowered their target price on MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Rosenblatt Securities dropped their target price on MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.47.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 820 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total transaction of $172,888.80. Following the transaction, the director owned 1,106,186 shares of the company's stock, valued at approximately $233,228,256.24. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider owned 57,634 shares of the company's stock, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,027 shares of company stock worth $10,371,435 in the last 90 days. 3.10% of the stock is 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.