MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 22.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 247 shares of the company’s stock after buying an additional 46 shares during the period. Lindbrook Capital LLC’s holdings in MongoDB were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC increased its holdings in shares of MongoDB by 10.3% in the third quarter. HB Wealth Management LLC now owns 640 shares of the company’s stock valued at $221,000 after purchasing an additional 60 shares during the period. Exchange Traded Concepts LLC boosted its holdings in MongoDB by 74.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,370 shares of the company’s stock valued at $1,166,000 after purchasing an additional 1,441 shares in the last quarter. Oak Thistle LLC purchased a new stake in MongoDB in the 3rd quarter valued at approximately $259,000. Handelsbanken Fonder AB increased its position in MongoDB by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 33,735 shares of the company’s stock worth $11,668,000 after purchasing an additional 346 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in MongoDB by 1.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,100 shares of the company’s stock worth $5,222,000 after acquiring an additional 200 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. KeyCorp dropped their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $443.86.

MongoDB Stock Up 0.8 %

Shares of NASDAQ:MDB opened at $369.29 on Thursday. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of -148.91 and a beta of 1.19. The company has a 50 day moving average of $383.39 and a two-hundred day moving average of $390.67. MongoDB, Inc. has a 52-week low of $212.52 and a 52-week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the sale, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares of the company’s stock, valued at approximately $213,375,563.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is currently owned by insiders.

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.