5000 Shares in Mongodb Inc (MDB) Acquired by Schwab Charles Investment Management Inc.
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Schwab Charles Investment Management Inc. acquired a new stake in Mongodb Inc (NASDAQ:MDB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. HBK Investments L P acquired a new position in Mongodb during the 4th quarter worth approximately $2,226,000. BlackRock Inc. acquired a new position in Mongodb during the 4th quarter worth approximately $10,042,000. Goldman Sachs Group Inc. acquired a new position in Mongodb during the 4th quarter worth approximately $4,493,000. Geode Capital Management LLC acquired a new position in Mongodb during the 4th quarter worth approximately $2,864,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Mongodb during the 1st quarter worth approximately $264,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Eliot Horowitz sold 7,100 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $57.48, for a total value of $408,108.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Whale Rock Capital Management purchased 1,214,850 shares of the stock in a transaction dated Tuesday, May 8th. The stock was purchased at an average price of $40.23 per share, with a total value of $48,873,415.50. The disclosure for this purchase can be found here. Insiders have sold a total of 132,789 shares of company stock worth $7,681,776 over the last 90 days. 40.04% of the stock is owned by company insiders.
MDB stock opened at $53.24 on Thursday. Mongodb Inc has a 52-week low of $24.62 and a 52-week high of $59.54. The company has a market cap of $2.67 billion and a price-to-earnings ratio of -30.60.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, June 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.43). The business had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.46 million. The business’s revenue was up 48.8% on a year-over-year basis. equities analysts anticipate that Mongodb Inc will post -2.22 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. Citigroup assumed coverage on Mongodb in a research report on Thursday, June 28th. They set a “neutral” rating and a $56.00 price target on the stock. Rosenblatt Securities assumed coverage on Mongodb in a research report on Monday. They set a “buy” rating on the stock. KeyCorp initiated coverage on Mongodb in a research report on Monday, May 14th. They set an “overweight” rating and a $50.00 price target on the stock. Stifel Nicolaus lifted their price objective on Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. Finally, Canaccord Genuity restated a “buy” rating and set a $45.00 price objective (up from $35.00) on shares of Mongodb in a report on Wednesday, March 14th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.00.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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