OppenheimerFunds Inc. Has $20.42 Million Stake in Mongodb Inc (MDB)

OppenheimerFunds Inc. grew its stake in shares of Mongodb Inc (NASDAQ:MDB) by 144.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 411,490 shares of the company’s stock after acquiring an additional 243,350 shares during the period. OppenheimerFunds Inc.’s holdings in Mongodb were worth $20,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MDB. FMR LLC increased its position in shares of Mongodb by 7,986.7% during the second quarter. FMR LLC now owns 2,268,485 shares of the company’s stock valued at $112,585,000 after buying an additional 2,240,433 shares during the period. BlackRock Inc. increased its position in shares of Mongodb by 268.3% in the first quarter. BlackRock Inc. now owns 1,246,117 shares of the company’s stock worth $54,081,000 after purchasing an additional 907,784 shares during the last quarter. Schf GPE LLC bought a new position in shares of Mongodb in the second quarter worth approximately $39,609,000. Whale Rock Capital Management LLC bought a new position in shares of Mongodb in the first quarter worth approximately $24,168,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Mongodb in the first quarter worth approximately $15,931,000. Hedge funds and other institutional investors own 43.21% of the company’s stock.

Several research analysts recently weighed in on MDB shares. Morgan Stanley upped their price objective on shares of Mongodb from $41.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 30th. Needham & Company LLC upped their price objective on shares of Mongodb from $57.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Nomura upped their price objective on shares of Mongodb and gave the stock a “neutral” rating in a research report on Tuesday, June 5th. Zacks Investment Research cut shares of Mongodb from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Finally, Rosenblatt Securities started coverage on shares of Mongodb in a research report on Monday, July 9th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.17.

In other Mongodb news, CEO Dev Ittycheria sold 63,600 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total transaction of $5,349,396.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Bull sold 8,000 shares of the stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $58.80, for a total transaction of $470,400.00. The disclosure for this sale can be found here. Insiders have sold 284,139 shares of company stock worth $21,287,786 over the last quarter. Company insiders own 40.04% of the company’s stock.

Shares of NASDAQ MDB opened at $81.99 on Monday. Mongodb Inc has a one year low of $24.62 and a one year high of $85.25. The company has a current ratio of 3.74, a quick ratio of 2.25 and a debt-to-equity ratio of 1.01. The company has a market cap of $4.15 billion and a price-to-earnings ratio of -47.12.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The business had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $51.75 million. The firm’s revenue was up 61.5% compared to the same quarter last year. sell-side analysts predict that Mongodb Inc will post -2.24 EPS for the current fiscal year.

Mongodb Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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