Itau Unibanco Holding S.A. Acquires New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Itau Unibanco Holding S.A. bought a new position in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,382 shares of the company’s stock, valued at approximately $1,595,000.

Several other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in MongoDB by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,696 shares of the company’s stock worth $37,495,000 after purchasing an additional 2,476 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of MongoDB by 134.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,905 shares of the company’s stock worth $1,597,000 after acquiring an additional 2,240 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of MongoDB by 36.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 1,183 shares of the company’s stock valued at $484,000 after acquiring an additional 318 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of MongoDB by 11.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,746 shares of the company’s stock valued at $1,123,000 after acquiring an additional 272 shares in the last quarter. Finally, UBS Group AG lifted its holdings in MongoDB by 73.0% in the 4th quarter. UBS Group AG now owns 91,243 shares of the company’s stock worth $37,305,000 after purchasing an additional 38,509 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,569 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $416,240.01. Following the sale, the chief financial officer now directly owns 81,942 shares of the company’s stock, valued at $21,738,393.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Performance

NASDAQ MDB opened at $278.45 on Friday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month 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 stock has a market cap of $20.42 billion, a P/E ratio of -99.09 and a beta of 1.15. The company’s 50-day simple moving average is $259.06 and its 200 day simple moving average is $297.93.

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

Wall Street Analysts Forecast Growth

MDB has been the topic of several analyst reports. Mizuho increased their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Scotiabank raised their target price on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. Finally, DA Davidson lifted their price objective on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $337.56.

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.