UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 129,451 Shares of MongoDB, Inc. $MDB

Key Points

• UBS AM has increased its stake in MongoDB, Inc. by 11.3% during Q1, now owning approximately 1.57% of the company, valued at $223 million.
• Institutional ownership of MongoDB is high at 89.29%, with other notable investors such as Vanguard and Primecap Management also increasing their positions significantly in recent quarters.
• The stock price of MongoDB has seen significant fluctuations, currently trading around $332.10, with an average target price ranging from $310 to $360 as per recent analyst reports.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 11.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,271,444 shares of the company's stock after buying an additional 129,451 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.57% of MongoDB worth $223,011,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after buying an additional 481,023 shares during the last quarter. Amundi grew its holdings in shares of MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company's stock valued at $173,378,000 after purchasing an additional 367,717 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of MongoDB during the 1st quarter valued at $161,543,000. Primecap Management Co. CA grew its holdings in shares of MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock valued at $152,694,000 after purchasing an additional 780,200 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of MongoDB during the 1st quarter valued at $128,706,000. Institutional investors own 89.29% of the company's stock.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 33,320 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total transaction of $10,038,982.80. Following the transaction, the chief executive officer owned 203,237 shares in the company, valued at $61,233,275.73. This represents a 14.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,730 shares of company stock valued at $16,292,409 over the last three months. Corporate insiders own 3.10% of the company's stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $332.10 on Friday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The company's 50-day moving average is $243.83 and its 200 day moving average is $209.54. The stock has a market capitalization of $27.02 billion, a P/E ratio of -338.88 and a beta of 1.49.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDB. Guggenheim increased their target price on shares of MongoDB from $260.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Canaccord Genuity Group increased their target price on shares of MongoDB from $320.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Monness Crespi & Hardt increased their target price on shares of MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Finally, Stephens began coverage on shares of MongoDB in a research report on Friday, July 18th. They set an "equal weight" rating and a $247.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $310.86.

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.

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