Fiera Capital Corp Grows Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Fiera Capital Corp raised its position in MongoDB, Inc. (NASDAQ:MDB) by 38.2% during the first quarter, Holdings Channel.com reports. The fund owned 302,671 shares of the company’s stock after purchasing an additional 83,627 shares during the quarter. Fiera Capital Corp’s holdings in MongoDB were worth $53,088,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of MongoDB by 30.4% in the first quarter. LPL Financial LLC now owns 47,830 shares of the company’s stock valued at $8,389,000 after acquiring an additional 11,160 shares during the period. TD Asset Management Inc boosted its stake in shares of MongoDB by 0.7% during the 1st quarter. TD Asset Management Inc now owns 60,052 shares of the company’s stock valued at $10,533,000 after purchasing an additional 419 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of MongoDB during the 1st quarter valued at about $1,597,000. Zweig DiMenna Associates LLC bought a new stake in shares of MongoDB during the 1st quarter valued at about $1,316,000. Finally, Glynn Capital Management LLC boosted its stake in shares of MongoDB by 13.9% during the 1st quarter. Glynn Capital Management LLC now owns 96,719 shares of the company’s stock valued at $16,965,000 after purchasing an additional 11,839 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director directly owned 1,107,006 shares of the company’s stock, valued at $259,039,404. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director directly owned 21,096 shares of the company’s stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,416 shares of company stock valued at $11,691,656 over the last three months. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MDB. Daiwa Capital Markets began coverage on shares of MongoDB in a research note on Tuesday, April 1st. They set an “outperform” rating and a $202.00 target price on the stock. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. UBS Group lifted their target price on shares of MongoDB from $213.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. Wolfe Research began coverage on shares of MongoDB in a research note on Wednesday, July 9th. They set an “outperform” rating and a $280.00 target price on the stock. Finally, Citigroup cut their target price on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $281.31.

MongoDB Stock Up 1.3%

MDB opened at $244.41 on Tuesday. The firm has a 50 day moving average price of $207.58 and a 200-day moving average price of $212.18. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of -214.39 and a beta of 1.41.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating 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 firm had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. During the same period in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Company 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.