Royal London Asset Management Ltd. Buys 1,099 Shares of MongoDB, Inc. (NASDAQ:MDB)

Royal London Asset Management Ltd. lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,830 shares of the company’s stock after purchasing an additional 1,099 shares during the quarter. Royal London Asset Management Ltd.’s holdings in MongoDB were worth $7,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares during the last quarter. Swedbank AB grew its position in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares in the last quarter. Point72 Asset Management L.P. bought a new position in MongoDB in the second quarter valued at about $52,131,000. Finally, Avala Global LP acquired a new stake in shares of MongoDB during the third quarter valued at about $47,960,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $350.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Truist Financial lifted their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Robert W. Baird increased their price objective on MongoDB from $305.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, KeyCorp upped their price target on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $344.25.

MongoDB Trading Up 2.7 %

NASDAQ:MDB opened at $343.40 on Monday. 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 one year low of $212.74 and a one year high of $509.62. The company has a market cap of $25.37 billion, a PE ratio of -113.71 and a beta of 1.17. The firm has a 50-day moving average of $289.30 and a 200-day moving average of $269.24.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the transaction, the director now directly owns 1,121,006 shares in the company, valued at approximately $362,084,938. The trade was a 0.27 % 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 link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,600 shares of company stock worth $7,255,929. Insiders own 3.60% of the company’s stock.

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.