MMS • RSS
Posted on mongodb google news. Visit mongodb google news
California Public Employees Retirement System reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 17.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 121,405 shares of the company’s stock after selling 25,563 shares during the period. California Public Employees Retirement System owned approximately 0.18% of MongoDB worth $23,897,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in MDB. Brainard Capital Management LLC purchased a new position in shares of MongoDB during the fourth quarter valued at about $315,000. Russell Investments Group Ltd. increased its position in shares of MongoDB by 37.7% during the fourth quarter. Russell Investments Group Ltd. now owns 47,760 shares of the company’s stock valued at $9,402,000 after buying an additional 13,073 shares during the period. Crewe Advisors LLC increased its position in shares of MongoDB by 1,715.8% during the fourth quarter. Crewe Advisors LLC now owns 1,035 shares of the company’s stock valued at $204,000 after buying an additional 978 shares during the period. Arizona State Retirement System increased its position in shares of MongoDB by 3.2% during the fourth quarter. Arizona State Retirement System now owns 19,280 shares of the company’s stock valued at $3,795,000 after buying an additional 593 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of MongoDB by 41.6% during the fourth quarter. Toronto Dominion Bank now owns 20,351 shares of the company’s stock valued at $4,004,000 after buying an additional 5,978 shares during the period. 84.86% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on MDB. Needham & Company LLC upped their price objective on shares of MongoDB from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. Wedbush cut their price objective on shares of MongoDB from $240.00 to $230.00 in a report on Thursday, March 9th. Stifel Nicolaus cut their price objective on shares of MongoDB from $256.00 to $240.00 in a report on Thursday, February 23rd. Oppenheimer cut their price objective on shares of MongoDB from $320.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 9th. Finally, Mizuho dropped their target price on shares of MongoDB from $220.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, March 9th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $256.00.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 605 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Thomas Bull sold 605 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,157 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.36, for a total transaction of $1,177,652.52. Following the transaction, the chief financial officer now directly owns 103,706 shares of the company’s stock, valued at $23,682,302.16. The disclosure for this sale can be found here. Insiders sold a total of 135,108 shares of company stock valued at $30,127,927 over the last three months. Corporate insiders own 5.70% of the company’s stock.
MongoDB Stock Up 0.8 %
MDB opened at $264.09 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.54. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $390.84. The company has a market capitalization of $18.50 billion, a PE ratio of -52.40 and a beta of 1.06. The firm’s 50 day simple moving average is $222.66 and its two-hundred day simple moving average is $201.12.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The company reported ($0.98) earnings per share for the quarter, topping the consensus estimate of ($1.18) by $0.20. The business had revenue of $361.31 million for the quarter, compared to the consensus estimate of $335.84 million. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. As a group, equities analysts forecast that MongoDB, Inc. will post -4.04 EPS for the current year.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Article originally posted on mongodb google news. Visit mongodb google news