MongoDB, Inc. $MDB Position Increased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 75.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,777 shares of the company’s stock after buying an additional 2,057 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in MongoDB were worth $1,003,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after purchasing an additional 481,023 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of MongoDB by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after buying an additional 129,451 shares in the last quarter. Amundi raised its position in MongoDB by 53.0% during the first quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after buying an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in MongoDB during the 1st quarter worth about $161,543,000. Finally, Primecap Management Co. CA boosted its position in MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after acquiring an additional 780,200 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $317.00 on Tuesday. The stock has a market capitalization of $25.79 billion, a P/E ratio of -323.47 and a beta of 1.49. The business has a 50-day moving average of $270.12 and a two-hundred day moving average of $217.34. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

Analyst Ratings Changes

A number of research firms have recently issued reports on MDB. UBS Group increased their price target on shares of MongoDB from $310.00 to $330.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Zacks Research upgraded shares of MongoDB to a “hold” rating in a research report on Friday, August 8th. William Blair restated an “outperform” rating on shares of MongoDB in a report on Thursday, June 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a research note on Thursday, September 18th. Finally, Stephens assumed coverage on MongoDB in a research report on Friday, July 18th. They set an “equal weight” rating and a $247.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $336.83.

Insider Activity

In other news, Director Charles M. Hazard, Jr. sold 166 shares of MongoDB stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total value of $51,460.00. Following the transaction, the director owned 14,493 shares of the company’s stock, valued at $4,492,830. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,910 shares of company stock valued at $32,634,392. Insiders own 3.10% of the company’s stock.

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.