Penserra Capital Management LLC Grows Position in MongoDB, Inc. (NASDAQ:MDB)

Penserra Capital Management LLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 47.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,890 shares of the company's stock after purchasing an additional 22,496 shares during the period. Penserra Capital Management LLC owned approximately 0.09% of MongoDB worth $12,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE lifted its position in MongoDB by 8.3% during the 4th quarter. US Bancorp DE now owns 4,190 shares of the company's stock valued at $975,000 after acquiring an additional 321 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after purchasing an additional 134 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of MongoDB by 68.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock worth $237,000 after purchasing an additional 413 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of MongoDB by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock worth $272,000 after purchasing an additional 133 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of MongoDB by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 295,213 shares of the company's stock worth $68,729,000 after buying an additional 16,794 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Trading Down 0.6%

MDB traded down $1.33 during trading hours on Monday, hitting $210.01. The company's stock had a trading volume of 1,575,533 shares, compared to its average volume of 1,963,278. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of -184.22 and a beta of 1.41. The business's 50-day moving average price is $195.41 and its 200-day moving average price is $215.08. 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 issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate 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 company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm's revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on MDB. Citigroup cut their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. DA Davidson reiterated a "buy" rating and set a $275.00 price target on shares of MongoDB in a report on Thursday, June 5th. Daiwa Capital Markets started coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective for the company. Morgan Stanley lowered their price objective on MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial decreased their price target on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $282.47.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 820 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total value of $172,888.80. Following the transaction, the director directly owned 1,106,186 shares in the company, valued at approximately $233,228,256.24. This represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,746 shares of company stock worth $7,500,196 over the last quarter. Company insiders own 3.10% of the company's stock.

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.