MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,323 shares of the company’s stock after buying an additional 1,132 shares during the period. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in shares of MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after purchasing an additional 37 shares during the last quarter. California State Teachers Retirement System boosted its stake in MongoDB by 1.3% during the first quarter. California State Teachers Retirement System now owns 110,957 shares of the company’s stock worth $39,794,000 after buying an additional 1,377 shares during the last quarter. Tidal Investments LLC boosted its stake in MongoDB by 222.6% during the first quarter. Tidal Investments LLC now owns 7,523 shares of the company’s stock worth $2,698,000 after buying an additional 5,191 shares during the last quarter. Comerica Bank grew its holdings in MongoDB by 103.4% in the 1st quarter. Comerica Bank now owns 22,575 shares of the company’s stock valued at $8,096,000 after buying an additional 11,476 shares in the last quarter. Finally, Plato Investment Management Ltd increased its stake in shares of MongoDB by 408.5% in the 1st quarter. Plato Investment Management Ltd now owns 1,078 shares of the company’s stock worth $387,000 after acquiring an additional 866 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB opened at $324.60 on Thursday. The company’s 50 day simple moving average is $281.84 and its 200-day simple moving average is $271.65. The firm has a market cap of $23.98 billion, a PE ratio of -107.48 and a beta of 1.15. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. 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 posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.63) EPS. As a group, equities analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a research note on Friday, August 30th. Scotiabank raised their price target on shares of MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a report on Friday, August 30th. DA Davidson upped their price objective on MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Needham & Company LLC raised their target price on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $340.29.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the sale, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. This represents a 0.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the transaction, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at $4,589,041.58. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,600 shares of company stock worth $7,732,589 over the last 90 days. 3.60% of the stock is currently owned by insiders.

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.