MongoDB, Inc. (NASDAQ:MDB) Stake Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) by 1.2% in the 1st quarter, Holdings Channel reports. The firm owned 120,584 shares of the company’s stock after acquiring an additional 1,443 shares during the quarter. Neuberger Berman Group LLC’s holdings in MongoDB were worth $53,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd acquired a new position in shares of MongoDB during the fourth quarter worth approximately $43,000. Private Advisor Group LLC boosted its position in shares of MongoDB by 22.5% during the fourth quarter. Private Advisor Group LLC now owns 5,060 shares of the company’s stock worth $2,678,000 after buying an additional 931 shares during the period. abrdn plc boosted its position in shares of MongoDB by 5.3% during the fourth quarter. abrdn plc now owns 6,339 shares of the company’s stock worth $3,355,000 after buying an additional 319 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MongoDB by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,318 shares of the company’s stock worth $106,039,000 after buying an additional 9,005 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of MongoDB by 34.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,219 shares of the company’s stock worth $645,000 after buying an additional 314 shares during the period. 89.85% of the stock is owned by institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $220.58 on Monday. The company’s fifty day moving average is $307.89 and its two-hundred day moving average is $318.21. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.70. MongoDB, Inc. has a 12-month low of $213.39 and a 12-month high of $590.00. The company has a market cap of $15.16 billion, a P/E ratio of -41.15 and a beta of 0.95.

MongoDB (NASDAQ:MDBGet Rating) last announced its earnings results on Wednesday, August 31st. The company reported ($1.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.52) by ($0.17). MongoDB had a negative net margin of 33.43% and a negative return on equity of 52.05%. The firm had revenue of $303.66 million for the quarter, compared to analyst estimates of $282.31 million. During the same period last year, the firm earned ($1.15) earnings per share. MongoDB’s revenue for the quarter was up 52.8% compared to the same quarter last year. Equities analysts expect that MongoDB, Inc. will post -5.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDB. Stifel Nicolaus reduced their price objective on MongoDB from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Thursday, September 1st. Piper Sandler cut their target price on MongoDB from $375.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, September 1st. Mizuho upped their target price on MongoDB from $270.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Morgan Stanley cut their target price on MongoDB from $378.00 to $368.00 and set an “overweight” rating for the company in a research report on Thursday, June 2nd. Finally, Barclays cut their target price on MongoDB from $438.00 to $360.00 and set an “overweight” rating for the company in a research report on Thursday, September 1st. One research analyst has rated the stock with a sell rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $386.83.

Insider Transactions at MongoDB

In other news, CEO Dev Ittycheria sold 16,991 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $250.66, for a total value of $4,258,964.06. Following the transaction, the chief executive officer now directly owns 199,753 shares of the company’s stock, valued at $50,070,086.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 14,090 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $312.06, for a total transaction of $4,396,925.40. Following the transaction, the director now directly owns 1,322,954 shares of the company’s stock, valued at $412,841,025.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dev Ittycheria sold 16,991 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $250.66, for a total transaction of $4,258,964.06. Following the transaction, the chief executive officer now directly owns 199,753 shares in the company, valued at $50,070,086.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,789 shares of company stock valued at $18,925,825. 5.70% of the stock is owned by insiders.

MongoDB Company Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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