Whittier Trust Co. Has $8.36 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Whittier Trust Co. lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,933 shares of the company’s stock after acquiring an additional 1,169 shares during the quarter. Whittier Trust Co.’s holdings in MongoDB were worth $8,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prio Wealth Limited Partnership acquired a new position in shares of MongoDB during the 3rd quarter worth $203,000. Slow Capital Inc. grew its stake in MongoDB by 9.4% in the 3rd quarter. Slow Capital Inc. now owns 17,399 shares of the company’s stock valued at $4,704,000 after buying an additional 1,497 shares during the last quarter. Blue Trust Inc. grew its stake in MongoDB by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 927 shares of the company’s stock valued at $232,000 after buying an additional 389 shares during the last quarter. Stonegate Investment Group LLC grew its stake in MongoDB by 5.4% in the 3rd quarter. Stonegate Investment Group LLC now owns 6,979 shares of the company’s stock valued at $1,887,000 after buying an additional 360 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in MongoDB by 10.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 939 shares of the company’s stock valued at $254,000 after buying an additional 89 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In related news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,281 shares of company stock worth $6,310,411 in the last quarter. 3.60% of the stock is owned by company insiders.

MongoDB Trading Down 1.4 %

MDB opened at $271.77 on Tuesday. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $19.93 billion, a PE ratio of -96.72 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The firm has a 50-day moving average price of $271.14 and a two-hundred day moving average price of $284.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.63) EPS. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MDB shares. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Scotiabank raised their target price on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Tigress Financial decreased their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Stifel Nicolaus raised their price target on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Bank of America raised their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $337.96.

MongoDB 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.