MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,578 shares of the company’s stock after acquiring an additional 155 shares during the quarter. Guggenheim Capital LLC’s holdings in MongoDB were worth $313,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MDB. Sentry Investment Management LLC acquired a new position in shares of MongoDB in the 3rd quarter worth approximately $33,000. Alta Advisers Ltd acquired a new position in shares of MongoDB in the 3rd quarter worth approximately $40,000. Huntington National Bank lifted its holdings in shares of MongoDB by 1,468.8% in the 3rd quarter. Huntington National Bank now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 235 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of MongoDB by 37.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 419 shares of the company’s stock worth $109,000 after acquiring an additional 115 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of MongoDB by 28.9% in the 3rd quarter. IFP Advisors Inc now owns 1,760 shares of the company’s stock worth $155,000 after acquiring an additional 395 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at approximately $1,601,180.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at approximately $1,601,180.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $207.86, for a total transaction of $8,314,400.00. Following the transaction, the chief executive officer now directly owns 190,264 shares in the company, valued at $39,548,275.04. The disclosure for this sale can be found here. Insiders have sold 112,169 shares of company stock valued at $22,836,007 in the last ninety days. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MDB shares. Sanford C. Bernstein started coverage on shares of MongoDB in a report on Friday, February 17th. They set an “outperform” rating and a $282.00 target price on the stock. Mizuho reduced their target price on shares of MongoDB from $220.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday. KeyCorp increased their target price on shares of MongoDB from $220.00 to $255.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. The Goldman Sachs Group reduced their target price on shares of MongoDB from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Needham & Company LLC increased their target price on shares of MongoDB from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.87.

MongoDB Trading Down 7.4 %

NASDAQ MDB opened at $194.08 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. The firm’s fifty day moving average price is $207.75 and its 200 day moving average price is $201.66. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of -38.51 and a beta of 1.00. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $471.96.

MongoDB Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.