Eagle Asset Management Inc. Buys New Shares in MongoDB, Inc. (NASDAQ:MDB)

Eagle Asset Management Inc. bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 153,012 shares of the company’s stock, valued at approximately $44,380,000. Eagle Asset Management Inc. owned about 0.21% of MongoDB as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Swedbank AB boosted its position in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares during the period. Thrivent Financial for Lutherans grew its holdings in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after acquiring an additional 388,979 shares during the last quarter. Blair William & Co. IL grew its holdings in MongoDB by 16.4% in the 2nd quarter. Blair William & Co. IL now owns 315,830 shares of the company’s stock worth $78,945,000 after acquiring an additional 44,608 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after acquiring an additional 7,575 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MDB. Needham & Company LLC boosted their price target on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and set a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. UBS Group lifted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Barclays boosted their price objective on shares of MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein raised their target price on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $336.54.

MongoDB Stock Up 5.4 %

NASDAQ MDB opened at $332.50 on Friday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The stock has a 50-day moving average of $278.10 and a 200 day moving average of $272.88. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same period in the previous year, the company posted ($0.63) EPS. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the transaction, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,600 shares of company stock valued at $7,034,249 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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.