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Parallel Advisors LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,338 shares of the company’s stock after purchasing an additional 158 shares during the quarter. Parallel Advisors LLC’s holdings in MongoDB were worth $312,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDB. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MongoDB in the fourth quarter valued at $30,000. Lindbrook Capital LLC lifted its holdings in shares of 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 purchasing an additional 133 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of MongoDB in the fourth quarter valued at $36,000. Finally, CI Investments Inc. lifted its holdings in shares of MongoDB by 126.8% in the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after purchasing an additional 104 shares in the last quarter. 89.22% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
MDB has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on MongoDB from $375.00 to $420.00 in a report on Friday, June 23rd. 58.com reiterated a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Needham & Company LLC increased their price objective on MongoDB from $250.00 to $430.00 in a report on Friday, June 2nd. Robert W. Baird increased their price objective on MongoDB from $390.00 to $430.00 in a report on Friday, June 23rd. Finally, Tigress Financial increased their price objective on MongoDB from $365.00 to $490.00 in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $366.59.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $398.68 on Friday. The company’s 50 day moving average price is $346.49 and its two-hundred day moving average price is $259.93. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70. 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 issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the prior year, the firm posted ($1.15) EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Equities research analysts predict that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 15,534 shares of the company’s stock in a transaction that occurred on 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 owns 37,516 shares of the company’s stock, valued at approximately $9,379,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Dev Ittycheria sold 50,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total value of $20,353,500.00. Following the completion of the transaction, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $88,775,860.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Cedric Pech sold 15,534 shares of the stock in a transaction that occurred on 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 transaction, the executive now directly owns 37,516 shares of the company’s stock, valued at approximately $9,379,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,427 shares of company stock valued at $41,364,961. Company 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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