94,824 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 approximately 0.13% of MongoDB at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in MongoDB by 12.9% during the first quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock valued at $116,000 after purchasing an additional 37 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of MongoDB by 1.2% during the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after buying an additional 39 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after buying an additional 40 shares during the last quarter. Taylor Frigon Capital Management LLC grew its stake in shares of MongoDB by 0.4% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock valued at $2,475,000 after buying an additional 42 shares in the last quarter. Finally, Tanager Wealth Management LLP increased its holdings in MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. Mizuho upped their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Piper Sandler boosted their target price on MongoDB from $335.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The trade was a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $7,442,189 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Trading Down 3.2 %

NASDAQ MDB opened at $324.60 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company’s 50-day simple moving average is $282.65 and its 200 day simple moving average is $272.02.

MongoDB (NASDAQ:MDB) last issued its earnings results 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. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the prior year, the firm posted ($0.63) EPS. MongoDB’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts predict that MongoDB, Inc. will post -2.37 earnings per share for the current fiscal year.

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.