MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,926 shares of the company's stock after buying an additional 6,743 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.06% of MongoDB worth $8,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MDB. New York State Common Retirement Fund boosted its position in MongoDB by 20.4% in the 1st quarter. New York State Common Retirement Fund now owns 113,134 shares of the company's stock valued at $19,844,000 after buying an additional 19,174 shares during the period. Arizona State Retirement System boosted its holdings in shares of MongoDB by 0.4% in the first quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock valued at $3,772,000 after purchasing an additional 83 shares during the period. Xponance Inc. boosted its holdings in shares of MongoDB by 3.2% in the first quarter. Xponance Inc. now owns 14,121 shares of the company's stock valued at $2,477,000 after purchasing an additional 444 shares during the period. Alps Advisors Inc. increased its holdings in MongoDB by 42.5% during the 1st quarter. Alps Advisors Inc. now owns 8,047 shares of the company's stock worth $1,411,000 after purchasing an additional 2,400 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in MongoDB by 2.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 45,196 shares of the company's stock valued at $7,956,000 after purchasing an additional 870 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Monness Crespi & Hardt raised 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. Bank of America raised their target price on shares of MongoDB from $215.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. UBS Group boosted their price target on shares of MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Barclays increased their price objective on shares of MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Finally, Scotiabank lifted their price objective on shares of MongoDB from $160.00 to $230.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and an average price target of $282.39.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,746 shares of company stock worth $7,500,196 over the last three months. Company insiders own 3.10% of the company's stock.

MongoDB Stock Down 0.5%

Shares of NASDAQ:MDB traded down $0.98 during trading on Monday, hitting $201.53. The stock had a trading volume of 1,482,490 shares, compared to its average volume of 2,310,411. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of -176.78 and a beta of 1.41. The stock has a 50-day simple moving average of $199.07 and a two-hundred day simple moving average of $213.69.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. 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 earned $0.51 EPS. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB 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.