Diversified Trust Co Acquires 486 Shares of MongoDB, Inc. (NASDAQ:MDB)

Diversified Trust Co lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,280 shares of the company’s stock after purchasing an additional 486 shares during the period. Diversified Trust Co’s holdings in MongoDB were worth $1,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in MongoDB by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after purchasing an additional 68,348 shares during the last quarter. Jennison Associates LLC grew its stake in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after buying an additional 551,567 shares during the last quarter. Swedbank AB raised its holdings in MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares during the period. Champlain Investment Partners LLC lifted its position in MongoDB by 22.4% during the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after acquiring an additional 100,725 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after acquiring an additional 232,101 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Sanford C. Bernstein increased their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report 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. Scotiabank increased their price target on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now directly owns 1,138,006 shares of the company’s stock, valued at approximately $330,476,942.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the sale, the director now owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,896 shares of company stock worth $4,187,260. Insiders own 3.60% of the company’s stock.

MongoDB Trading Up 0.0 %

Shares of MongoDB stock opened at $259.46 on Wednesday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a market capitalization of $19.03 billion, a P/E ratio of -92.33 and a beta of 1.15. The company has a 50-day simple moving average of $262.41 and a 200 day simple moving average of $288.60. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.63) earnings per share. Research analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

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.