MongoDB, Inc. $MDB Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in MongoDB, Inc. (NASDAQ:MDB) by 77.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,416 shares of the company’s stock after selling 15,033 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in MongoDB were worth $927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its position in MongoDB by 0.4% during the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock worth $2,599,000 after acquiring an additional 65 shares during the last quarter. Wedbush Securities Inc. raised its position in MongoDB by 2.6% during the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company’s stock worth $530,000 after acquiring an additional 77 shares during the last quarter. Fifth Third Bancorp raised its position in MongoDB by 15.9% during the first quarter. Fifth Third Bancorp now owns 569 shares of the company’s stock worth $100,000 after acquiring an additional 78 shares during the last quarter. Arizona State Retirement System raised its position in MongoDB by 0.4% during the first quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock worth $3,772,000 after acquiring an additional 83 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in MongoDB by 6.8% during the second quarter. Farther Finance Advisors LLC now owns 1,327 shares of the company’s stock worth $279,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the sale, the director directly owned 24,308 shares in the company, valued at approximately $7,971,322.44. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,163 shares of company stock valued at $31,862,322 in the last quarter. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MDB. UBS Group lifted their target price on shares of MongoDB from $310.00 to $330.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. The Goldman Sachs Group lifted their target price on shares of MongoDB from $325.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Piper Sandler lifted their target price on shares of MongoDB from $345.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Monness Crespi & Hardt boosted their price objective on shares of MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley boosted their price objective on shares of MongoDB from $255.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $342.69.

MongoDB Price Performance

NASDAQ:MDB opened at $318.46 on Wednesday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $370.00. The firm has a 50 day simple moving average of $280.22 and a 200-day simple moving average of $222.54. The firm has a market cap of $25.91 billion, a PE ratio of -324.96 and a beta of 1.50.

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.