Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Mongodb Inc (NASDAQ:MDB) by 41.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,791 shares of the company’s stock after acquiring an additional 49,506 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Mongodb worth $20,336,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Valeo Financial Advisors LLC raised its holdings in shares of Mongodb by 29.5% during the second quarter. Valeo Financial Advisors LLC now owns 404 shares of the company’s stock worth $61,000 after acquiring an additional 92 shares during the period. Lindbrook Capital LLC grew its position in Mongodb by 50.0% in the second quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors grew its position in Mongodb by 100.0% in the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. CENTRAL TRUST Co grew its position in Mongodb by 79.4% in the third quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Finally, Kovack Advisors Inc. grew its position in Mongodb by 5.8% in the third quarter. Kovack Advisors Inc. now owns 1,930 shares of the company’s stock valued at $233,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 71.66% of the company’s stock.

In other Mongodb news, Director Charles M. Hazard, Jr. sold 2,017 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $150.63, for a total transaction of $303,820.71. Following the sale, the director now directly owns 110,305 shares of the company’s stock, valued at approximately $16,615,242.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Cedric Pech sold 1,924 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $130.17, for a total transaction of $250,447.08. Insiders have sold a total of 162,162 shares of company stock worth $21,053,675 over the last ninety days. 40.04% of the stock is currently owned by insiders.

Shares of MDB opened at $126.13 on Friday. The company has a market cap of $7.04 billion, a PE ratio of -73.33 and a beta of 0.07. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a 50-day moving average of $126.41 and a 200-day moving average of $141.98. Mongodb Inc has a one year low of $65.62 and a one year high of $184.78.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.07). The company had revenue of $99.40 million for the quarter, compared to the consensus estimate of $91.70 million. Mongodb had a negative net margin of 36.58% and a negative return on equity of 43.95%. The company’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.41) earnings per share. Analysts expect that Mongodb Inc will post -2.26 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. Monness Crespi & Hardt set a $185.00 target price on shares of Mongodb and gave the company a “buy” rating in a research report on Friday, August 30th. Piper Jaffray Companies assumed coverage on shares of Mongodb in a research report on Monday, October 28th. They issued an “overweight” rating and a $158.00 target price for the company. ValuEngine downgraded shares of Mongodb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Stifel Nicolaus raised their target price on shares of Mongodb from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, KeyCorp set a $188.00 target price on shares of Mongodb and gave the company a “buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $162.64.

Mongodb Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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