B. Riley Wealth Advisors Inc. Has $1.09 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

B. Riley Wealth Advisors Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 140.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the company’s stock after buying an additional 1,557 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in MongoDB were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of MongoDB during the 4th quarter worth $252,000. Alamar Capital Management LLC grew its stake in MongoDB by 2.1% in the 4th quarter. Alamar Capital Management LLC now owns 10,114 shares of the company’s stock valued at $4,135,000 after buying an additional 211 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in MongoDB by 2.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 25,946 shares of the company’s stock worth $10,608,000 after acquiring an additional 734 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in MongoDB during the 4th quarter worth $25,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $224.38, for a total value of $263,422.12. Following the transaction, the director now directly owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, 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 document filed with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $224.38, for a total value of $263,422.12. Following the transaction, the director now directly owns 13,011 shares in the company, valued at approximately $2,919,408.18. The disclosure for this sale can be found here. Insiders have sold 49,976 shares of company stock valued at $17,245,973 in the last three months. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Up 0.7 %

Shares of MDB opened at $220.45 on Friday. The company has a market capitalization of $16.17 billion, a P/E ratio of -78.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. MongoDB, Inc. has a one year low of $214.74 and a one year high of $509.62. The business’s 50 day simple moving average is $317.23 and its 200-day simple moving average is $373.27.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $290.00 price objective on shares of MongoDB in a research note on Thursday, June 13th. Citigroup dropped their price objective on MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, June 3rd. Scotiabank dropped their price objective on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Monday, June 3rd. JMP Securities dropped their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research note on Friday, May 31st. Finally, Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $364.11.

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.