Oppenheimer Asset Management Inc. Acquires 2,085 Shares of MongoDB, Inc. (NASDAQ:MDB)

Oppenheimer Asset Management Inc. grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 41.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,058 shares of the company’s stock after buying an additional 2,085 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in MongoDB were worth $1,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB in the 4th quarter valued at about $29,000. Coppell Advisory Solutions LLC lifted its position in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after buying an additional 182 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after acquiring an additional 134 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of MongoDB by 72.0% during the 4th quarter. J.Safra Asset Management Corp now owns 387 shares of the company’s stock worth $91,000 after acquiring an additional 162 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in MongoDB in the 4th quarter valued at $97,000. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 0.3%

Shares of MDB opened at $209.92 on Friday. The stock’s 50-day moving average price is $189.81 and its two-hundred day moving average price is $218.26. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a market capitalization of $17.15 billion, a PE ratio of -184.14 and a beta of 1.39.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the transaction, the director now directly owns 19,333 shares of the company’s stock, valued at approximately $3,377,281.77. This represents a 5.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. The trade was a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,202 shares of company stock worth $10,576,696. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MDB. William Blair reissued an “outperform” rating on shares of MongoDB in a research report on Thursday. Piper Sandler raised their price objective on shares of MongoDB from $200.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, June 5th. Redburn Atlantic raised MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target for the company in a report on Thursday, April 17th. Citigroup decreased their price objective on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Stifel Nicolaus dropped their target price on MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.

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.