Clarius Group LLC Takes Position in MongoDB, Inc. $MDB

Clarius Group LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,276 shares of the company’s stock, valued at approximately $268,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in MongoDB by 19,491.2% in the first quarter. GAMMA Investing LLC now owns 33,501 shares of the company’s stock worth $5,876,000 after purchasing an additional 33,330 shares during the period. Park Avenue Securities LLC grew its stake in shares of MongoDB by 52.6% in the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company’s stock worth $461,000 after buying an additional 907 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of MongoDB by 57.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company’s stock worth $219,000 after buying an additional 452 shares during the last quarter. SG Americas Securities LLC increased its position in MongoDB by 1,230.3% during the 1st quarter. SG Americas Securities LLC now owns 24,997 shares of the company’s stock valued at $4,384,000 after buying an additional 23,118 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in MongoDB by 0.4% during the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock valued at $2,599,000 after buying an additional 65 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Up 0.2%

Shares of MongoDB stock opened at $321.93 on Tuesday. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00. The company’s 50 day moving average is $278.67 and its 200 day moving average is $221.87. The company has a market cap of $26.19 billion, a price-to-earnings ratio of -328.50 and a beta of 1.50.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer owned 11,598 shares in the company, valued at approximately $3,783,847.50. This represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $320.80, for a total value of $1,924,800.00. Following the completion of the transaction, the director directly owned 514,896 shares in the company, valued at $165,178,636.80. The trade was a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,163 shares of company stock valued at $31,862,322 over the last ninety days. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Thursday, June 26th. Truist Financial upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. DA Davidson increased their price objective on shares of MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $290.00 target price on shares of MongoDB in a report on Friday, August 22nd. Finally, Sanford C. Bernstein upped their target price on shares of MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $342.69.

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.