Landscape Capital Management L.L.C. Has $4.93 Million Holdings in MongoDB, Inc. $MDB

Landscape Capital Management L.L.C. boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 25.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,897 shares of the company’s stock after buying an additional 3,189 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in MongoDB were worth $4,934,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MDB. AQR Capital Management LLC raised its stake in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Norges Bank bought a new stake in shares of MongoDB in the 2nd quarter worth about $164,338,000. Vanguard Group Inc. increased its position in shares of MongoDB by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after purchasing an additional 744,547 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in MongoDB by 162.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,097,059 shares of the company’s stock valued at $340,505,000 after purchasing an additional 678,746 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in MongoDB by 503.1% in the third quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after buying an additional 597,937 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the transaction, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. This represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares in the company, valued at $29,750,824.50. This trade represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 21,949 shares of company stock valued at $8,981,630. 3.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MDB. Morgan Stanley upped their price objective on shares of MongoDB from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Truist Financial reduced their target price on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a research report on Monday, December 29th. Citigroup dropped their price target on MongoDB from $435.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Raymond James Financial began coverage on MongoDB in a research report on Monday, December 15th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $354.18.

MongoDB Trading Up 2.4%

Shares of MongoDB stock traded up $6.34 during midday trading on Friday, reaching $267.02. The company had a trading volume of 342,880 shares, compared to its average volume of 2,024,786. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of -302.96 and a beta of 1.40. The stock has a fifty day simple moving average of $356.86 and a 200 day simple moving average of $352.44. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million for the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Sell-side analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.