Taylor Frigon Capital Management LLC Purchases 2,985 Shares of MongoDB, Inc. (NASDAQ:MDB)

Taylor Frigon Capital Management LLC grew its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 37.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,999 shares of the company's stock after buying an additional 2,985 shares during the quarter. Taylor Frigon Capital Management LLC's holdings in MongoDB were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after purchasing an additional 181,962 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after purchasing an additional 22,106 shares in the last quarter. First Trust Advisors LP increased its stake in shares of MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after purchasing an additional 95,893 shares in the last quarter. Finally, Norges Bank bought a new position in shares of MongoDB in the fourth quarter worth about $189,584,000. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the sale, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. The trade was a 6.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the company's 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 owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,202 shares of company stock worth $10,576,696 in the last ninety days. 3.10% of the stock is owned by insiders.

MongoDB Trading Up 0.3%

Shares of NASDAQ:MDB opened at $209.92 on Monday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The business's fifty day simple moving average is $190.83 and its 200-day simple moving average is $216.65. The company has a market capitalization of $17.15 billion, a PE ratio of -184.14 and a beta of 1.40.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly 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 3.16% and a negative net margin of 4.09%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period last year, the business posted $0.51 EPS. The business's revenue was up 21.8% compared to the same quarter last year. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. Piper Sandler increased their target price on MongoDB from $200.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Wells Fargo & Company lowered MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Royal Bank Of Canada reissued an "outperform" rating and set a $320.00 price target on shares of MongoDB in a research note on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $345.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Finally, Citigroup lowered their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and an average price target of $282.47.

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.

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