Dimensional Fund Advisors LP Has $117.59 Million Position in MongoDB, Inc. $MDB

Dimensional Fund Advisors LP lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 97.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,799 shares of the company’s stock after acquiring an additional 187,260 shares during the period. Dimensional Fund Advisors LP owned approximately 0.47% of MongoDB worth $117,594,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. Montag A & Associates Inc. grew its stake in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Promus Capital LLC acquired a new position in MongoDB in the second quarter valued at about $36,000. TD Private Client Wealth LLC increased its holdings in shares of MongoDB by 2,825.0% in the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of MongoDB during the third quarter worth about $37,000. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald decreased their price objective on MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Raymond James Financial assumed coverage on shares of MongoDB in a report on Monday, December 15th. They set a “market perform” rating on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Needham & Company LLC reduced their price target on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.18.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $417.83, for a total value of $4,178,300.00. Following the transaction, the director owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,949 shares of company stock worth $13,159,930 over the last three months. 3.10% of the stock is owned by insiders.

MongoDB Stock Up 0.0%

MDB stock opened at $270.57 on Thursday. The company has a market cap of $22.02 billion, a price-to-earnings ratio of -307.47 and a beta of 1.40. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $444.72. The business has a 50 day moving average price of $360.04 and a two-hundred day moving average price of $353.08.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.18. The business had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $1.28 earnings per share. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.