Stanley Laman Group Ltd. Purchases New Shares in MongoDB, Inc. (NASDAQ:MDB)

Stanley Laman Group Ltd. purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 32,301 shares of the company’s stock, valued at approximately $7,520,000. MongoDB comprises about 1.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 16th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after buying an additional 93 shares during the period. CWM LLC increased its stake in MongoDB by 5.0% in the 3rd quarter. CWM LLC now owns 3,269 shares of the company’s stock valued at $884,000 after buying an additional 156 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in MongoDB by 253.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock valued at $151,000 after buying an additional 400 shares during the period. Creative Planning increased its stake in MongoDB by 16.2% in the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock valued at $4,709,000 after buying an additional 2,427 shares during the period. Finally, MN Wealth Advisors LLC increased its stake in MongoDB by 11.9% in the 3rd quarter. MN Wealth Advisors LLC now owns 2,576 shares of the company’s stock valued at $696,000 after buying an additional 273 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 2.2 %

Shares of MongoDB stock opened at $292.46 on Thursday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $488.00. The stock has a 50-day simple moving average of $265.54 and a 200-day simple moving average of $271.27.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. The trade was a 6.22 % 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 this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,413 shares of company stock worth $12,082,421. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MDB shares. China Renaissance began coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective on the stock. Needham & Company LLC upped their price target on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, DA Davidson upped their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

About MongoDB

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.