MongoDB, Inc. (NASDAQ:MDB) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 1,230.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,997 shares of the company's stock after purchasing an additional 23,118 shares during the quarter. SG Americas Securities LLC's holdings in MongoDB were worth $4,384,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC raised its position in MongoDB by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after acquiring an additional 372 shares in the last quarter. Jones Financial Companies Lllp raised its position in MongoDB by 68.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock worth $237,000 after acquiring an additional 413 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of MongoDB by 56.8% in 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. 111 Capital acquired a new position in shares of MongoDB in the fourth quarter valued at $390,000. Finally, GAMMA Investing LLC increased its holdings in shares of MongoDB by 19,491.2% in the first quarter. GAMMA Investing LLC now owns 33,501 shares of the company's stock valued at $5,876,000 after purchasing an additional 33,330 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Performance

MongoDB stock traded down $5.03 during mid-day trading on Friday, hitting $205.63. The company's stock had a trading volume of 1,567,544 shares, compared to its average volume of 1,955,252. The company has a 50 day moving average of $181.84 and a 200-day moving average of $226.14. The stock has a market cap of $16.69 billion, a PE ratio of -75.05 and a beta of 1.39. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced 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 12.22% and a negative net margin of 10.46%. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same quarter in the prior year, the company posted $0.51 EPS. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MDB shares. Redburn Atlantic upgraded shares of 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Monness Crespi & Hardt raised MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective for the company in a report on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and issued a $300.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $275.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $282.47.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction dated 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 now owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,208 shares of company stock valued at $10,167,739 over the last quarter. 3.10% of the stock is owned by corporate 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.