MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,184 shares of the company's stock after purchasing an additional 5,509 shares during the period. Truist Financial Corp owned approximately 0.05% of MongoDB worth $10,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its position in shares of MongoDB by 12.0% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,242 shares of the company's stock valued at $310,000 after purchasing an additional 133 shares in the last quarter. Quarry LP grew its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Creative Planning grew its position in MongoDB by 115.0% in the second quarter. Creative Planning now owns 14,991 shares of the company's stock worth $3,747,000 after acquiring an additional 8,019 shares in the last quarter. Clearline Capital LP purchased a new position in MongoDB in the second quarter worth about $3,085,000. Finally, Scientech Research LLC purchased a new position in MongoDB in the second quarter worth about $3,598,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insiders Place Their Bets

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,884 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the transaction, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at approximately $20,578,668.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, CFO Michael Lawrence Gordon sold 1,884 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the transaction, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at approximately $20,578,668.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares in the company, valued at $263,341,386. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,896 shares of company stock valued at $5,448,410. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Up 4.9 %

NASDAQ:MDB traded up $12.36 during trading hours on Friday, reaching $265.36. The company's stock had a trading volume of 1,169,135 shares, compared to its average volume of 1,459,043. The company has a market capitalization of $19.46 billion, a P/E ratio of -94.43 and a beta of 1.15. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month 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 has a 50 day moving average price of $261.97 and a two-hundred day moving average price of $289.99.

MongoDB (NASDAQ:MDB - Get Free Report) last issued 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%. MongoDB's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. Equities analysts predict that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on MDB shares. Mizuho lifted their price target on MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Truist Financial lifted their price target on MongoDB from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. UBS Group lifted their price target on MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. JMP Securities reissued a "market outperform" rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Finally, Citigroup raised their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.