Headlands Technologies LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,488 shares of the company’s stock, valued at approximately $622,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after buying an additional 194,148 shares during the period. Atalanta Sosnoff Capital LLC raised its holdings in MongoDB by 24.7% during the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after buying an additional 10,753 shares during the period. Fiera Capital Corp raised its holdings in MongoDB by 0.8% during the 4th quarter. Fiera Capital Corp now owns 224,293 shares of the company’s stock valued at $91,702,000 after buying an additional 1,695 shares during the period. Artisan Partners Limited Partnership purchased a new stake in MongoDB in the fourth quarter worth $10,545,000. Finally, Prudential PLC increased its stake in MongoDB by 2.4% in the fourth quarter. Prudential PLC now owns 21,169 shares of the company’s stock worth $8,655,000 after purchasing an additional 489 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Down 0.5 %

NASDAQ MDB traded down $1.51 during trading on Thursday, hitting $295.18. The company’s stock had a trading volume of 922,180 shares, compared to its average volume of 1,503,565. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market cap of $21.80 billion, a PE ratio of -105.67 and a beta of 1.15. The business’s 50 day simple moving average is $254.78 and its 200-day simple moving average is $305.40. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) earnings per share. On average, equities analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group increased their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a research note on Friday, August 30th. Oppenheimer increased their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley increased their target price on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Robert W. Baird dropped their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $337.56.

View Our Latest Stock Report on MongoDB

Insiders Place Their Bets

In other news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,179 shares of company stock valued at $8,346,169. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Company Profile

(Free Report)

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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