Garde Capital Inc. Purchases 1,000 Shares of MongoDB, Inc. $MDB

Garde Capital Inc. increased its stake in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 20,000.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,005 shares of the company's stock after purchasing an additional 1,000 shares during the period. Garde Capital Inc.'s holdings in MongoDB were worth $211,000 as of its most recent filing with the SEC.

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A number of other hedge funds also recently modified their holdings of the stock. Handelsbanken Fonder AB increased its position in shares of MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after purchasing an additional 65 shares during the period. Wedbush Securities Inc. increased its position in shares of MongoDB by 2.6% in the first quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after purchasing an additional 77 shares during the period. Fifth Third Bancorp increased its position in shares of MongoDB by 15.9% in the first quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after purchasing an additional 78 shares during the period. Arizona State Retirement System increased its position in shares of MongoDB by 0.4% in the first quarter. Arizona State Retirement System now owns 21,504 shares of the company's stock worth $3,772,000 after purchasing an additional 83 shares during the period. Finally, Moody National Bank Trust Division increased its position in shares of MongoDB by 5.6% in the first quarter. Moody National Bank Trust Division now owns 1,751 shares of the company's stock worth $307,000 after purchasing an additional 93 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Down 0.6%

Shares of MDB stock opened at $330.10 on Friday. The business's 50-day moving average price is $246.21 and its 200-day moving average price is $209.62. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of -336.84 and a beta of 1.49.

Analyst Upgrades and Downgrades

• What to Expect From the Q3 Reporting Season

A number of brokerages recently commented on MDB. DA Davidson raised their price target on MongoDB from $275.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of MongoDB in a research note on Tuesday, September 2nd. Sanford C. Bernstein raised their price objective on MongoDB from $319.00 to $338.00 and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Monness Crespi & Hardt raised their price objective on MongoDB from $295.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Finally, Barclays raised their price objective on MongoDB from $270.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $310.86.

Read Our Latest Stock Analysis on MDB

Insider Transactions at MongoDB

• Top 5 September Stock Picks: Market Tailwinds Drive New Momentum

In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director directly owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. This trade represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 33,320 shares of MongoDB stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the sale, the chief executive officer directly owned 203,237 shares in the company, valued at $61,233,275.73. The trade was a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,730 shares of company stock valued at $16,292,409. Company insiders own 3.10% 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.

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