Investment Management Corp of Ontario Purchases 800 Shares of MongoDB, Inc. (NASDAQ:MDB)

Investment Management Corp of Ontario boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 50.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,391 shares of the company’s stock after buying an additional 800 shares during the period. Investment Management Corp of Ontario’s holdings in MongoDB were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the period. Swedbank AB boosted its holdings in MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after purchasing an additional 400,705 shares during the period. Westfield Capital Management Co. LP boosted its holdings in MongoDB by 1.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after purchasing an additional 7,526 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the period. Finally, Holocene Advisors LP raised its position in shares of MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after buying an additional 66,730 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the company’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 $768,750.00. Following the transaction, the director now directly owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. This represents a 0.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at $4,589,041.58. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,600 shares of company stock valued at $7,538,819. 3.60% of the stock is currently owned by company insiders.

MongoDB Stock Up 2.7 %

Shares of MongoDB stock opened at $343.40 on Friday. The stock’s 50-day moving average is $289.30 and its 200 day moving average is $270.54. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market cap of $25.37 billion, a price-to-earnings ratio of -113.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDB. Morgan Stanley increased their price target on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Scotiabank raised their price target on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a research report on Friday, August 30th. Needham & Company LLC raised their target price on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Mizuho upped their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $344.25.

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.