Quadrature Capital Ltd Buys 35,208 Shares of MongoDB, Inc. $MDB

Key Points

• Quadrature Capital Ltd raised its stake in MongoDB by 196.7% in Q3, purchasing 35,208 shares to hold 53,110 shares worth about $16.49 million (≈0.07% of the company).
• Other major institutions—including Vanguard, State Street, Geode, AQR (which added ~1.07M shares) and Arrowstreet—also increased positions, leaving institutional ownership at 89.29%.
• Analysts maintain a consensus rating of "Moderate Buy" with an average price target of $354.18, and MongoDB recently beat quarterly EPS and revenue estimates with revenue up 26.8% year-over-year.

Quadrature Capital Ltd raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 196.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,110 shares of the company's stock after acquiring an additional 35,208 shares during the quarter. Quadrature Capital Ltd owned approximately 0.07% of MongoDB worth $16,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of MongoDB by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company's stock worth $2,788,981,000 after purchasing an additional 431,382 shares during the period. State Street Corp lifted its stake in MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company's stock valued at $355,554,000 after purchasing an additional 80,334 shares during the last quarter. Geode Capital Management LLC grew its holdings in MongoDB by 5.2% during the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock valued at $292,597,000 after purchasing an additional 68,611 shares during the period. AQR Capital Management LLC grew its holdings in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after purchasing an additional 1,069,969 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in MongoDB by 162.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company's stock worth $340,505,000 after buying an additional 678,746 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDB. Citizens Jmp boosted their target price on MongoDB from $435.00 to $475.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $340.00 price target (down from $400.00) on shares of MongoDB in a research note on Tuesday, March 3rd. Piper Sandler decreased their price objective on MongoDB from $490.00 to $330.00 and set an "overweight" rating for the company in a report on Tuesday, March 3rd. Sanford C. Bernstein cut MongoDB from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 3rd. Finally, UBS Group dropped their price objective on shares of MongoDB from $440.00 to $275.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target of $354.18.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,190 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares in the company, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director directly owned 25,659 shares of the company's stock, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,949 shares of company stock worth $8,981,630. Insiders own 3.10% of the company's stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $260.68 on Friday. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of -296.23 and a beta of 1.40. The business's fifty day moving average is $356.86 and its 200 day moving average is $352.44.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The business had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm's revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. Equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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