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Assenagon Asset Management S.A. lessened its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,207 shares of the company’s stock after selling 379 shares during the period. Assenagon Asset Management S.A.’s holdings in MongoDB were worth $514,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of MDB. 1832 Asset Management L.P. boosted its stake in shares of MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of MongoDB by 493.2% during the 4th quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after buying an additional 763,400 shares in the last quarter. Norges Bank purchased a new position in shares of MongoDB during the 4th quarter valued at $147,735,000. William Blair Investment Management LLC lifted its stake in shares of MongoDB by 2,354.2% during the 4th quarter. William Blair Investment Management LLC now owns 387,366 shares of the company’s stock valued at $76,249,000 after buying an additional 371,582 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of MongoDB by 5,168.6% during the 4th quarter. National Bank of Canada FI now owns 273,069 shares of the company’s stock valued at $53,751,000 after buying an additional 267,886 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Insider Activity at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the sale, the director now directly owns 1,225,954 shares of the company’s stock, valued at approximately $294,228,960. The transaction was disclosed in a filing with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the sale, the director now directly owns 1,225,954 shares of the company’s stock, valued at approximately $294,228,960. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Cedric Pech sold 15,534 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total transaction of $3,883,500.00. Following the completion of the sale, the executive now directly owns 37,516 shares of the company’s stock, valued at $9,379,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,821 shares of company stock worth $41,133,220. Insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
MDB has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of MongoDB from $400.00 to $445.00 in a research note on Friday, June 23rd. KeyCorp boosted their price target on shares of MongoDB from $229.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $420.00 in a research note on Friday, June 23rd. Finally, Guggenheim cut shares of MongoDB from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $205.00 to $210.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.30.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $394.22 on Wednesday. The company has a market capitalization of $27.82 billion, a price-to-earnings ratio of -84.42 and a beta of 1.13. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $418.70. The firm’s 50-day moving average is $336.53 and its 200 day moving average is $256.05. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.15) EPS. Research analysts predict that MongoDB, Inc. will post -2.8 EPS for the current year.
About MongoDB
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.
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