William Blair Investment Management LLC Has $8.60 Million Stock Position in MongoDB, Inc. (NASDAQ:MDB)

William Blair Investment Management LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 268.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,385 shares of the company's stock after acquiring an additional 25,053 shares during the period. William Blair Investment Management LLC's holdings in MongoDB were worth $8,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. acquired a new stake in MongoDB during the fourth quarter worth $137,000. Dimensional Fund Advisors LP boosted its stake in MongoDB by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,696 shares of the company's stock worth $37,495,000 after buying an additional 2,476 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in MongoDB by 15.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,179 shares of the company's stock worth $891,000 after buying an additional 298 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in MongoDB by 134.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,905 shares of the company's stock worth $1,597,000 after buying an additional 2,240 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company's stock worth $168,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Down 1.1 %

MongoDB stock traded down $3.25 during mid-day trading on Tuesday, reaching $286.80. The company's stock had a trading volume of 1,037,144 shares, compared to its average volume of 1,495,070. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The business's 50 day simple moving average is $256.45 and its 200 day simple moving average is $301.10. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of -103.22 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.63) EPS. As a group, research analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current year.

Insider Activity

In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CRO Cedric Pech sold 273 shares of the business's stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 138 shares of the business's stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares of the company's stock, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Insiders sold 32,005 shares of company stock worth $8,082,746 in the last quarter. Corporate insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of analyst reports. DA Davidson lifted their price objective on MongoDB from $265.00 to $330.00 and gave the company a "buy" rating in a report on Friday, August 30th. Barclays cut their price objective on MongoDB from $458.00 to $290.00 and set an "overweight" rating for the company in a report on Friday, May 31st. Tigress Financial cut their price objective on MongoDB from $500.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Oppenheimer lifted their price objective on MongoDB from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Finally, Wells Fargo & Company lifted their price objective on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus price target of $337.56.

MongoDB Company 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.