MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,764 shares of the company’s stock after buying an additional 1,384 shares during the quarter. Whittier Trust Co.’s holdings in MongoDB were worth $7,440,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the 4th quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at $25,000. YHB Investment Advisors Inc. acquired a new stake in shares of MongoDB in the 1st quarter valued at $41,000. GAMMA Investing LLC acquired a new stake in shares of MongoDB in the 4th quarter valued at $50,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after purchasing an additional 76 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Price Performance

MDB traded up $11.09 during midday trading on Thursday, reaching $246.46. 607,107 shares of the company’s stock were exchanged, compared to its average volume of 1,469,990. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The stock has a market capitalization of $18.08 billion, a PE ratio of -83.76 and a beta of 1.13. The business’s 50-day moving average price is $246.45 and its 200 day moving average price is $317.83. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). The business had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the sale, the director now owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock worth $7,368,989 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDB shares. Loop Capital reduced their price objective on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. Wells Fargo & Company dropped their target price on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Citigroup dropped their target price on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, June 3rd. Finally, Truist Financial dropped their target price on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $355.74.

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.