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SteelPeak Wealth LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,916 shares of the company’s stock, valued at approximately $1,009,000.
A number of other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in MongoDB by 37.0% during the 3rd quarter. Private Advisor Group LLC now owns 3,716 shares of the company’s stock worth $1,285,000 after acquiring an additional 1,003 shares in the last quarter. Machina Capital S.A.S. acquired a new position in MongoDB during the 3rd quarter worth $346,000. Dai ichi Life Insurance Company Ltd grew its holdings in MongoDB by 21.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 5,588 shares of the company’s stock worth $1,933,000 after acquiring an additional 1,000 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in MongoDB by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock worth $658,000 after acquiring an additional 168 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in MongoDB by 26.1% during the 3rd quarter. California Public Employees Retirement System now owns 120,737 shares of the company’s stock worth $41,758,000 after acquiring an additional 25,005 shares in the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MDB has been the subject of several research reports. KeyCorp decreased their price target on shares of MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $495.00 price target on shares of MongoDB in a report on Wednesday, January 17th. Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective on the stock in a research report on Wednesday, November 8th. Finally, Scotiabank started coverage on shares of MongoDB in a research report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $430.41.
Check Out Our Latest Stock Analysis on MongoDB
MongoDB Trading Up 1.1 %
MongoDB stock opened at $418.01 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market capitalization of $30.17 billion, a price-to-earnings ratio of -156.60 and a beta of 1.23. MongoDB, Inc. has a one year low of $179.52 and a one year high of $442.84. The company’s fifty day moving average price is $401.48 and its two-hundred day moving average price is $380.52.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted ($1.23) earnings per share. On average, analysts forecast that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.
Insider Activity
In other news, CRO Cedric Pech sold 1,248 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total value of $499,200.00. Following the sale, the executive now directly owns 25,425 shares of the company’s stock, valued at $10,170,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 100,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the completion of the transaction, the chief executive officer now owns 214,177 shares in the company, valued at $80,316,375. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 1,248 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the transaction, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,277 shares of company stock valued at $56,803,711. 4.80% of the stock is owned by insiders.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
Read More
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Article originally posted on mongodb google news. Visit mongodb google news