MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by WoodTrust Financial Corp

WoodTrust Financial Corp boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 21.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,150 shares of the company’s stock after purchasing an additional 900 shares during the period. WoodTrust Financial Corp’s holdings in MongoDB were worth $903,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MDB. Norges Bank acquired a new stake in MongoDB during the 4th quarter valued at $189,584,000. Marshall Wace LLP bought a new position in MongoDB during the 4th quarter valued at $110,356,000. Raymond James Financial Inc. bought a new position in MongoDB during the 4th quarter valued at $90,478,000. D1 Capital Partners L.P. bought a new position in MongoDB during the 4th quarter valued at $76,129,000. Finally, Amundi boosted its stake in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after acquiring an additional 321,186 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of MDB opened at $203.24 on Tuesday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The firm’s 50 day moving average is $186.87 and its 200-day moving average is $219.38. The stock has a market capitalization of $16.61 billion, a P/E ratio of -178.28 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Morgan Stanley reduced their price objective on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Redburn Atlantic upgraded shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price objective on the stock in a research note on Thursday, April 17th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Finally, Cantor Fitzgerald increased their price objective on shares of MongoDB from $252.00 to $271.00 and gave the company an “overweight” rating in a research note on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $282.47.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total transaction of $205,260.75. Following the completion of the sale, the director now directly owns 19,333 shares in the company, valued at approximately $3,377,281.77. This trade represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,382 shares of company stock worth $10,403,807 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

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.