Hilltop Holdings Inc. Buys New Holdings in MongoDB, Inc. (NASDAQ:MDB)

Hilltop Holdings Inc. purchased a new position in MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,079 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp lifted its holdings in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Quarry LP boosted its position in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $35,000. Finally, Brooklyn Investment Group purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $36,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 1,884 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares in the company, valued at $20,578,668.75. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,600 shares of company stock valued at $7,538,819. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MDB shares. DA Davidson increased their price target on shares of MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Loop Capital increased their target price on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Bank of America raised their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Truist Financial boosted their price objective on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $344.25.

MongoDB Stock Performance

NASDAQ MDB opened at $343.40 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a market capitalization of $25.37 billion, a P/E ratio of -113.71 and a beta of 1.17. The stock’s fifty day moving average is $289.30 and its two-hundred day moving average is $269.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

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.