Baillie Gifford & Co. Acquires 21,559 Shares of MongoDB, Inc. (NASDAQ:MDB)

Baillie Gifford & Co. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 362.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,511 shares of the company's stock after buying an additional 21,559 shares during the period. Baillie Gifford & Co.'s holdings in MongoDB were worth $11,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MDB. International Assets Investment Management LLC lifted its holdings in shares of MongoDB by 31,796.1% in the fourth quarter. International Assets Investment Management LLC now owns 89,947 shares of the company's stock valued at $36,775,000 after purchasing an additional 89,665 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company's stock valued at $244,000 after purchasing an additional 33 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of MongoDB by 10.0% in the fourth quarter. Bleakley Financial Group LLC now owns 1,070 shares of the company's stock valued at $437,000 after purchasing an additional 97 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at about $200,000. Finally, Silvant Capital Management LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at about $1,502,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MDB shares. Needham & Company LLC reissued a "buy" rating and issued a $465.00 price objective on shares of MongoDB in a research report on Tuesday. Guggenheim boosted their price objective on shares of MongoDB from $250.00 to $272.00 and gave the company a "sell" rating in a research report on Monday, March 4th. Redburn Atlantic reissued a "sell" rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. UBS Group reissued a "neutral" rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Truist Financial upped their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $448.74.

MongoDB Stock Up 1.4 %

NASDAQ MDB traded up $4.76 during trading hours on Thursday, reaching $356.04. 808,851 shares of the company traded hands, compared to its average volume of 1,400,210. MongoDB, Inc. has a 12 month low of $212.52 and a 12 month high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $25.93 billion, a PE ratio of -143.56 and a beta of 1.19. The company has a 50 day moving average of $404.71 and a two-hundred day moving average of $389.71.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, equities analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the sale, the director now owns 1,154,784 shares of the company's stock, valued at approximately $421,496,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Thomas Bull sold 170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company's stock, valued at approximately $6,043,363.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,050 shares of company stock worth $36,856,111. 4.80% of the stock is currently owned by insiders.

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.