MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,365 shares of the company’s stock after acquiring an additional 741 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MongoDB were worth $1,591,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allen Investment Management LLC raised its stake in shares of MongoDB by 11.2% during the 2nd quarter. Allen Investment Management LLC now owns 126,428 shares of the company’s stock worth $31,602,000 after buying an additional 12,698 shares in the last quarter. William Blair Investment Management LLC grew its holdings in MongoDB by 268.5% during the second quarter. William Blair Investment Management LLC now owns 34,385 shares of the company’s stock worth $8,595,000 after acquiring an additional 25,053 shares during the period. Pier Capital LLC raised its position in MongoDB by 112.5% in the second quarter. Pier Capital LLC now owns 3,064 shares of the company’s stock worth $766,000 after acquiring an additional 1,622 shares in the last quarter. Headlands Technologies LLC acquired a new stake in MongoDB in the second quarter valued at $622,000. Finally, Daiwa Securities Group Inc. lifted its holdings in MongoDB by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 9,191 shares of the company’s stock valued at $2,297,000 after acquiring an additional 563 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CRO Cedric Pech sold 273 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now directly owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. Insiders sold 32,005 shares of company stock valued at $8,082,746 in the last ninety days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $280.11 on Thursday. The stock has a fifty day moving average price of $257.85 and a 200 day moving average price of $299.90. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $20.55 billion, a P/E ratio of -99.68 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period last year, the company earned ($0.63) earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDB. Needham & Company LLC increased their price target on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. Barclays reduced their price target on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Royal Bank of Canada restated an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a report on Friday, August 30th. Finally, Tigress Financial reduced their price objective on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $337.56.

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.