MongoDB, Inc. $MDB Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in MongoDB, Inc. (NASDAQ:MDB) by 349.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,197 shares of the company’s stock after acquiring an additional 13,367 shares during the period. WINTON GROUP Ltd’s holdings in MongoDB were worth $5,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in MongoDB by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after purchasing an additional 431,382 shares during the period. State Street Corp boosted its holdings in MongoDB by 5.0% in the 2nd quarter. State Street Corp now owns 1,693,194 shares of the company’s stock valued at $355,554,000 after purchasing an additional 80,334 shares in the last quarter. Geode Capital Management LLC increased its position in MongoDB by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after purchasing an additional 68,611 shares during the period. AQR Capital Management LLC increased its position in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares during the period. Finally, Primecap Management Co. CA raised its stake in shares of MongoDB by 20.1% during the 2nd quarter. Primecap Management Co. CA now owns 1,045,719 shares of the company’s stock worth $219,591,000 after buying an additional 175,169 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, December 12th. The stock was sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the transaction, the director owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 31,949 shares of company stock valued at $13,159,930. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent analyst reports. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Royal Bank Of Canada cut their price objective on MongoDB from $500.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. UBS Group reduced their target price on MongoDB from $440.00 to $275.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Finally, Morgan Stanley upped their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $354.18.

MongoDB Price Performance

MDB opened at $271.74 on Tuesday. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $444.72. The stock has a market cap of $22.12 billion, a P/E ratio of -308.80, a P/E/G ratio of 403.42 and a beta of 1.40. The stock’s 50 day simple moving average is $366.04 and its 200 day simple moving average is $353.30.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.MongoDB’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. Research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.