MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,940 shares of the company's stock after buying an additional 2,760 shares during the quarter. MongoDB makes up 2.5% of Peregrine Investment Management Inc.'s holdings, making the stock its 20th largest holding. Peregrine Investment Management Inc.'s holdings in MongoDB were worth $3,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in MongoDB in the first quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB in the fourth quarter worth about $29,000. Coppell Advisory Solutions LLC boosted its holdings in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after acquiring an additional 182 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in MongoDB in the fourth quarter worth about $97,000. Finally, Fifth Third Bancorp boosted its holdings in MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. William Blair reissued an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target for the company in a report on Thursday, April 17th. Daiwa Capital Markets assumed coverage on MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price target for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of MongoDB in a report on Thursday, June 5th. Finally, Bank of America raised their price objective on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $282.39.

MongoDB Trading Down 3.2%

MDB traded down $6.76 during trading on Friday, hitting $202.51. The company's stock had a trading volume of 1,692,989 shares, compared to its average volume of 1,976,296. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The business's fifty day simple moving average is $199.07 and its 200 day simple moving average is $213.89. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of -177.64 and a beta of 1.41.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data 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 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 period last year, the company earned $0.51 earnings per share. MongoDB's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. The trade was a 5.27% 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, 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 value of $172,888.80. Following the transaction, the director directly owned 1,106,186 shares in the company, valued at $233,228,256.24. This trade represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,746 shares of company stock valued at $7,500,196 over the last ninety days. 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.