IFM Investors Pty Ltd Has $3.87 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

IFM Investors Pty Ltd increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,325 shares of the company’s stock after acquiring an additional 412 shares during the period. IFM Investors Pty Ltd’s holdings in MongoDB were worth $3,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MDB. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the second quarter valued at $25,000. Sunbelt Securities Inc. increased its position in shares of MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP boosted its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in MongoDB during the second quarter worth about $35,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MDB. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Bank of America increased their target price on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group lifted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Citigroup increased their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Piper Sandler boosted their target price on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned 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 $337.96.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the sale, the director now directly owns 1,138,006 shares in the company, valued at $330,476,942.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, CAO Thomas Bull sold 154 shares of the firm’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 value of $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the sale, the director now owns 1,138,006 shares in the company, valued at approximately $330,476,942.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,281 shares of company stock valued at $6,310,411 over the last three months. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $268.74 on Friday. The firm has a market cap of $19.85 billion, a P/E ratio of -88.99 and a beta of 1.15. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The firm’s 50 day moving average price is $272.56 and its two-hundred day moving average price is $281.91.

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 business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.63) EPS. On average, analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

MongoDB 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.