Slow Capital Inc. Raises Stake in MongoDB, Inc. $MDB

Key Points

• Slow Capital Inc. increased its stake in MongoDB, Inc. by 5%, holding 18,028 shares valued at approximately $3.8 million.
• Institutional ownership of MongoDB is high, with 89.29% of the company's stock held by institutional investors and hedge funds.
• Analysts generally have a positive outlook, with MongoDB receiving an average target price of $342.69 and a consensus rating of "Moderate Buy."

Slow Capital Inc. raised its position in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,028 shares of the company's stock after purchasing an additional 858 shares during the period. Slow Capital Inc.'s holdings in MongoDB were worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of MongoDB in the 1st quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. boosted its stake in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. State of Wyoming acquired a new stake in shares of MongoDB during the first quarter worth about $62,000. Finally, Brooklyn Investment Group boosted its position in shares of MongoDB by 247.9% in the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company's stock valued at $71,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on MDB shares. Citigroup reaffirmed an "outperform" rating on shares of MongoDB in a research report on Friday, September 19th. Needham & Company LLC upped their price target on shares of MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 19th. UBS Group increased their price target on shares of MongoDB from $310.00 to $330.00 and gave the stock a "neutral" rating in a research note on Thursday, September 18th. Stephens assumed coverage on shares of MongoDB in a research note on Friday, July 18th. They issued an "equal weight" rating and a $247.00 price objective on the stock. Finally, Sanford C. Bernstein increased their target price on shares of MongoDB from $319.00 to $338.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell 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 $342.69.

MongoDB Trading Up 0.2%

Shares of MDB opened at $321.93 on Tuesday. The firm's 50-day moving average is $278.67 and its two-hundred day moving average is $221.87. The firm has a market capitalization of $26.19 billion, a P/E ratio of -328.50 and a beta of 1.50. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the transaction, the director owned 24,308 shares in the company, valued at $7,971,322.44. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.80, for a total value of $1,924,800.00. Following the transaction, the director directly owned 514,896 shares of the company's stock, valued at $165,178,636.80. This trade represents a 1.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,163 shares of company stock valued at $31,862,322 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

MongoDB Company Profile

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.

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