Vanguard Group Inc. Purchases 481,023 Shares of MongoDB, Inc. (NASDAQ:MDB)

Vanguard Group Inc. boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,809,768 shares of the company's stock after acquiring an additional 481,023 shares during the quarter. Vanguard Group Inc. owned approximately 9.62% of MongoDB worth $1,369,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. First Trust Advisors LP grew its holdings in MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after purchasing an additional 95,893 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in MongoDB during the first quarter valued at approximately $128,706,000. T. Rowe Price Investment Management Inc. grew its holdings in MongoDB by 0.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 508,886 shares of the company's stock valued at $118,474,000 after purchasing an additional 2,350 shares during the last quarter. Marshall Wace LLP acquired a new position in MongoDB during the fourth quarter valued at approximately $110,356,000. Finally, Northern Trust Corp grew its holdings in MongoDB by 6.4% during the fourth quarter. Northern Trust Corp now owns 468,010 shares of the company's stock valued at $108,957,000 after purchasing an additional 27,981 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

Shares of MongoDB stock traded down $2.82 during trading on Thursday, hitting $204.61. 1,122,908 shares of the company were exchanged, compared to its average volume of 2,314,784. The firm has a market capitalization of $16.72 billion, a P/E ratio of -179.48 and a beta of 1.44. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The firm's fifty day moving average price is $215.85 and its 200 day moving average price is $210.41.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares of the company's stock, valued at $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 51,416 shares of company stock worth $11,936,656. 3.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MDB shares. UBS Group raised their price objective on shares of MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price objective on the stock in a research note on Thursday, April 17th. Guggenheim restated a "buy" rating and issued a $260.00 price objective on shares of MongoDB in a research note on Thursday. Stephens started 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, Wolfe Research started coverage on shares of MongoDB in a research note on Wednesday, July 9th. They issued an "outperform" rating and a $280.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.31.

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.