MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Truist Financial Corp

Truist Financial Corp increased its holdings in MongoDB, Inc. (NASDAQ:MDB) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,879 shares of the company’s stock after acquiring an additional 1,724 shares during the quarter. Truist Financial Corp’s holdings in MongoDB were worth $5,674,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC acquired a new stake in MongoDB during the third quarter valued at approximately $30,000. Blue Trust Inc. raised its stake in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in MongoDB during the third quarter valued at approximately $35,000. AM Squared Ltd acquired a new stake in MongoDB during the third quarter valued at approximately $35,000. Finally, Castleview Partners LLC acquired a new stake in MongoDB during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $362.85 on Friday. MongoDB, Inc. has a 1 year low of $226.10 and a 1 year high of $509.62. The business’s fifty day moving average is $371.56 and its two-hundred day moving average is $391.06. 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 posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the sale, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the sale, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the sale, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The disclosure for this sale can be found here. Insiders have sold a total of 64,802 shares of company stock valued at $24,771,151 in the last three months. 4.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MDB shares. Needham & Company LLC restated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research note on Friday. Citigroup raised their price target on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. KeyCorp dropped their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Truist Financial raised their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Guggenheim upped their price target on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $443.86.

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.