MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,578 shares of the company’s stock after buying an additional 155 shares during the period. Guggenheim Capital LLC’s holdings in MongoDB were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sentry Investment Management LLC acquired a new stake in shares of MongoDB during the third quarter worth $33,000. Alta Advisers Ltd acquired a new stake in shares of MongoDB during the third quarter worth $40,000. Huntington National Bank lifted its stake in shares of MongoDB by 1,468.8% during the third quarter. Huntington National Bank now owns 251 shares of the company’s stock worth $50,000 after buying an additional 235 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of MongoDB by 37.8% during the second quarter. Quadrant Capital Group LLC now owns 419 shares of the company’s stock worth $109,000 after buying an additional 115 shares during the period. Finally, Shay Capital LLC acquired a new stake in shares of MongoDB during the first quarter worth $200,000. 84.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In related news, CRO Cedric Pech sold 328 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total transaction of $65,373.68. Following the completion of the sale, the executive now owns 33,829 shares of the company’s stock, valued at approximately $6,742,457.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CRO Cedric Pech sold 328 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total transaction of $65,373.68. Following the completion of the sale, the executive now owns 33,829 shares of the company’s stock, valued at approximately $6,742,457.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the sale, the director now directly owns 7,674 shares of the company’s stock, valued at approximately $1,601,180.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,169 shares of company stock valued at $22,836,007. Corporate insiders own 5.70% of the company’s stock.

MongoDB Stock Down 7.4 %

MDB stock opened at $194.08 on Monday. The stock has a market capitalization of $13.45 billion, a P/E ratio of -38.51 and a beta of 1.00. The firm has a 50-day simple moving average of $207.75 and a 200-day simple moving average of $201.66. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $471.96.

Analyst Ratings Changes

A number of research firms recently issued reports on MDB. Wedbush decreased their target price on shares of MongoDB from $240.00 to $230.00 in a research report on Thursday. Canaccord Genuity Group decreased their target price on shares of MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. Citigroup decreased their target price on shares of MongoDB from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, March 7th. Guggenheim began coverage on shares of MongoDB in a research report on Thursday, January 26th. They set a “neutral” rating and a $205.00 target price for the company. Finally, Piper Sandler restated an “overweight” rating and set a $270.00 target price on shares of MongoDB in a research report on Thursday. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.87.

About MongoDB

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.