MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,919 shares of the company’s stock after purchasing an additional 1,639 shares during the period. Diversified Trust Co’s holdings in MongoDB were worth $1,611,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP boosted its holdings in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the 3rd quarter valued at approximately $36,000. Continuum Advisory LLC boosted its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after acquiring an additional 93 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the 3rd quarter valued at approximately $44,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the sale, the chief financial officer now owns 80,307 shares in the company, valued at $23,313,925.17. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,161 shares of company stock valued at $8,427,806. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDB. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Piper Sandler reissued an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, KeyCorp lifted their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $367.14.

MongoDB Stock Performance

MDB stock opened at $248.68 on Thursday. The firm has a market cap of $18.52 billion, a P/E ratio of -90.76 and a beta of 1.25. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock has a 50-day simple moving average of $283.52 and a 200-day simple moving average of $269.30.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -1.86 EPS for the current year.

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.