Baillie Gifford & Co. Has $8.15 Million Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Baillie Gifford & Co. raised its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 13.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,137 shares of the company's stock after purchasing an additional 3,660 shares during the period. Baillie Gifford & Co.'s holdings in MongoDB were worth $8,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new position in MongoDB during the second quarter worth approximately $25,000. J.Safra Asset Management Corp raised its holdings in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP raised its holdings in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in MongoDB during the second quarter worth $35,000. Finally, GAMMA Investing LLC raised its holdings in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDB. Citigroup lifted their price objective on MongoDB from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Scotiabank upped their target price on MongoDB from $250.00 to $295.00 and gave the company a "sector perform" rating in a research note on Friday, August 30th. Bank of America upped their target price on MongoDB from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Mizuho upped their target price on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Finally, UBS Group boosted their price target on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $334.25.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $290.40, for a total transaction of $290,400.00. Following the completion of the sale, the director now directly owns 1,138,006 shares of the company's stock, valued at $330,476,942.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $269.57, for a total value of $808,710.00. Following the sale, the director now owns 1,127,006 shares of the company's stock, valued at approximately $303,807,007.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Performance

Shares of MongoDB stock traded down $2.35 on Thursday, reaching $298.54. 760,187 shares of the company were exchanged, compared to its average volume of 1,426,318. 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 company's 50-day moving average is $278.11 and its two-hundred day moving average is $275.45. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of -98.02 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.63) EPS. As a group, research analysts expect that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

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.