Acadian Asset Management LLC Acquires 3,472 Shares of MongoDB, Inc. (NASDAQ:MDB)

Acadian Asset Management LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 1,677.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,679 shares of the company’s stock after purchasing an additional 3,472 shares during the period. Acadian Asset Management LLC’s holdings in MongoDB were worth $916,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank bought a new stake in MongoDB during the 4th quarter valued at $326,237,000. Jennison Associates LLC grew its stake in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the last quarter. Swedbank AB raised its holdings in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Axiom Investors LLC DE purchased a new stake in shares of MongoDB during the fourth quarter valued at about $153,990,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of MongoDB by 109.0% in the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after buying an additional 232,101 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the subject of several recent analyst reports. Loop Capital lowered their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 31st. JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Citigroup upped their target price on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus raised their price target on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $337.56.

MongoDB Trading Down 0.0 %

MDB stock opened at $290.05 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a market cap of $21.28 billion, a P/E ratio of -103.22 and a beta of 1.15. The company’s 50-day simple moving average is $256.45 and its 200-day simple moving average is $301.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the business earned ($0.63) earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts forecast that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director now owns 1,146,003 shares of the company’s stock, valued at $280,770,735. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director now directly owns 1,146,003 shares of the company’s stock, valued at approximately $280,770,735. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now directly owns 20,020 shares in the company, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders have sold a total of 32,005 shares of company stock valued at $8,082,746 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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.