Fluent Financial LLC Takes $1.06 Million Position in MongoDB, Inc. $MDB

Fluent Financial LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,038 shares of the company’s stock, valued at approximately $1,058,000.

Several other large investors have also recently bought and sold shares of MDB. Vanguard Group Inc. lifted its stake in shares of MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after acquiring an additional 481,023 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after purchasing an additional 129,451 shares during the last quarter. Amundi lifted its position in MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after purchasing an additional 367,717 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of MongoDB in the 1st quarter valued at about $161,543,000. Finally, Primecap Management Co. CA boosted its stake in shares of MongoDB by 863.5% in the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after purchasing an additional 780,200 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of MongoDB from $325.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Sanford C. Bernstein increased their price target on MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Needham & Company LLC raised their price target on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Cantor Fitzgerald upped their price objective on MongoDB from $312.00 to $406.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company initiated coverage on MongoDB in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $342.69.

MongoDB Trading Up 2.6%

NASDAQ:MDB opened at $326.78 on Thursday. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a 50-day moving average price of $281.87 and a two-hundred day moving average price of $223.26. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of -333.45 and a beta of 1.50.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the sale, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer directly owned 11,598 shares in the company, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,163 shares of company stock worth $31,862,322 in the last three months. 3.10% of the stock is owned by corporate insiders.

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.