Baillie Gifford & Co. Has $9.50 Million Stake in MongoDB, Inc. (NASDAQ:MDB)

Baillie Gifford & Co. lessened its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,477 shares of the company’s stock after selling 1,034 shares during the period. Baillie Gifford & Co.’s holdings in MongoDB were worth $9,496,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in MongoDB by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after acquiring an additional 194,148 shares during the period. Jennison Associates LLC boosted its holdings in MongoDB by 3.3% during the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock valued at $1,576,876,000 after purchasing an additional 122,893 shares in the last quarter. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter valued at approximately $326,237,000. First Trust Advisors LP raised its holdings in shares of MongoDB by 59.3% in the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after buying an additional 204,284 shares in the last quarter. Finally, Axiom Investors LLC DE bought a new position in shares of MongoDB during the 4th quarter worth approximately $153,990,000. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler lowered their price target on MongoDB from $480.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Loop Capital lowered their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company reduced their price target on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. JMP Securities decreased their price objective on shares of MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research note on Friday, May 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $290.00 target price on shares of MongoDB in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $361.30.

Get Our Latest Research Report on MongoDB

MongoDB Stock Performance

MDB stock opened at $266.74 on Friday. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The business’s 50-day moving average price is $294.48 and its two-hundred day moving average price is $360.99. The firm has a market cap of $19.57 billion, a PE ratio of -94.93 and a beta of 1.13. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. As a group, research analysts forecast that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now owns 522,896 shares of the company’s stock, valued at approximately $198,256,018.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the sale, the director now directly owns 522,896 shares in the company, valued at approximately $198,256,018.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 138 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Insiders sold 32,179 shares of company stock valued at $9,004,689 over the last three months. Company insiders own 3.60% of the company’s stock.

About MongoDB

(Free Report)

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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