Stanley Laman Group Ltd. Buys 3,466 Shares of MongoDB, Inc. (NASDAQ:MDB)

Stanley Laman Group Ltd. lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 10.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,767 shares of the company's stock after buying an additional 3,466 shares during the quarter. MongoDB makes up 1.0% of Stanley Laman Group Ltd.'s portfolio, making the stock its 16th biggest position. Stanley Laman Group Ltd.'s holdings in MongoDB were worth $6,274,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB during the 4th quarter valued at approximately $29,000. NCP Inc. bought a new stake in MongoDB in the fourth quarter valued at $35,000. Coppell Advisory Solutions LLC boosted its holdings in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock valued at $54,000 after acquiring an additional 182 shares during the period. Smartleaf Asset Management LLC grew its position in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after acquiring an additional 134 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of MongoDB by 57.4% in the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company's stock worth $89,000 after acquiring an additional 140 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This trade represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the sale, the chief executive officer now owns 256,974 shares of the company's stock, valued at approximately $60,131,916. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,208 shares of company stock worth $10,167,739. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Truist Financial cut their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target on the stock in a research report on Thursday, June 5th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.47.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $5.03 during mid-day trading on Friday, hitting $205.63. The stock had a trading volume of 1,567,544 shares, compared to its average volume of 1,955,252. The company's 50 day moving average is $181.84 and its 200-day moving average is $226.14. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The company has a market cap of $16.69 billion, a PE ratio of -75.05 and a beta of 1.39.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company's revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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.