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DekaBank Deutsche Girozentrale grew its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 23.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,654 shares of the company’s stock after acquiring an additional 2,591 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in MongoDB were worth $2,964,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of MongoDB by 2.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock worth $2,256,000 after purchasing an additional 277 shares during the period. Clarius Group LLC lifted its holdings in MongoDB by 7.7% in the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock valued at $318,000 after acquiring an additional 97 shares during the period. Lindbrook Capital LLC lifted its holdings in MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares during the period. Principal Financial Group Inc. lifted its holdings in MongoDB by 12.3% in the fourth quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock valued at $1,664,000 after acquiring an additional 924 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in MongoDB by 257.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,085 shares of the company’s stock valued at $2,772,000 after acquiring an additional 10,148 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.
MongoDB Stock Performance
Shares of MongoDB stock opened at $398.68 on Friday. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $418.70. The business’s fifty day simple moving average is $346.49 and its 200-day simple moving average is $259.44. The firm has a market cap of $28.14 billion, a PE ratio of -85.37 and a beta of 1.13. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Get Free Report) last announced 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. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. During the same quarter in the prior year, the company posted ($1.15) EPS. The company’s quarterly revenue was up 29.0% on a year-over-year basis. Equities analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Needham & Company LLC boosted their price target on MongoDB from $250.00 to $430.00 in a report on Friday, June 2nd. Guggenheim cut MongoDB from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Oppenheimer boosted their price objective on MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Barclays boosted their price objective on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Finally, VNET Group restated a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $366.59.
Insider Activity
In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $240.00, for a total transaction of $480,000.00. Following the transaction, the director now 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 hyperlink. In other MongoDB news, CTO Mark Porter sold 2,673 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $250.00, for a total value of $668,250.00. Following the sale, the chief technology officer now owns 40,336 shares of the company’s stock, valued at approximately $10,084,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the 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 in the company, valued at approximately $294,228,960. The disclosure for this sale can be found here. Insiders have sold a total of 117,427 shares of company stock valued at $41,364,961 in the last quarter. Insiders own 4.80% of the company’s stock.
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.
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