Healthcare of Ontario Pension Plan Trust Fund Purchases New Position in MongoDB, Inc. (NASDAQ:MDB)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 94,824 shares of the company's stock, valued at approximately $25,636,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.13% of MongoDB at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Freedom Investment Management Inc. raised its stake in MongoDB by 22.4% during the third quarter. Freedom Investment Management Inc. now owns 1,226 shares of the company's stock valued at $332,000 after purchasing an additional 224 shares in the last quarter. Avestar Capital LLC raised its position in shares of MongoDB by 7.6% during the 3rd quarter. Avestar Capital LLC now owns 2,123 shares of the company's stock valued at $574,000 after buying an additional 150 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of MongoDB in the 3rd quarter valued at about $36,000. The Manufacturers Life Insurance Company increased its stake in MongoDB by 3.8% during the third quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company's stock worth $7,596,000 after acquiring an additional 1,022 shares during the last quarter. Finally, West Tower Group LLC purchased a new stake in MongoDB during the third quarter valued at approximately $135,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the subject of a number of recent research reports. Piper Sandler lifted their target price on MongoDB from $335.00 to $425.00 and gave the stock an "overweight" rating in a report on Tuesday. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Scotiabank increased their target price on shares of MongoDB from $250.00 to $295.00 and gave the company a "sector perform" rating in a research note on Friday, August 30th. Wells Fargo & Company raised their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Finally, Bank of America upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus target price of $340.29.

MongoDB Trading Down 0.7 %

Shares of MDB stock traded down $2.11 during mid-day trading on Friday, hitting $322.49. 531,933 shares of the stock traded hands, compared to its average volume of 1,450,531. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week 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 stock's fifty day moving average is $282.65 and its two-hundred day moving average is $272.02.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million during the quarter, compared to analysts' expectations of $465.03 million. During the same quarter in the prior year, the company posted ($0.63) earnings per share. MongoDB's revenue for the quarter was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB, Inc. will post -2.37 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company's stock, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the sale, the director now owns 1,131,006 shares in the company, valued at approximately $289,820,287.50. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock worth $7,442,189 in the last ninety days. 3.60% of the stock is owned by insiders.

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.