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Jennison Associates LLC lowered its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 51.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,966 shares of the company’s stock after selling 2,106 shares during the quarter. Jennison Associates LLC’s holdings in MongoDB were worth $458,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bessemer Group Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of MongoDB in the 4th quarter valued at $30,000. Lindbrook Capital LLC boosted its position in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of MongoDB in the 4th quarter valued at $36,000. Finally, CI Investments Inc. boosted its position in shares of MongoDB by 126.8% in the 4th quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after purchasing an additional 104 shares during the period. Institutional investors own 89.22% of the company’s stock.
MongoDB Stock Performance
MDB opened at $398.68 on Monday. The firm has a market capitalization of $28.14 billion, a P/E ratio of -85.37 and a beta of 1.13. The stock’s 50 day moving average price is $346.49 and its two-hundred day moving average price is $260.43. 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, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.15) EPS. On average, equities analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on MDB shares. Royal Bank of Canada increased their price target on MongoDB from $400.00 to $445.00 in a research report on Friday, June 23rd. Needham & Company LLC increased their price objective on MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. 58.com reissued a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. KeyCorp increased their price objective on MongoDB from $229.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Finally, Barclays increased their price objective on MongoDB from $374.00 to $421.00 in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $366.59.
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 360 shares of MongoDB stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the sale, the executive now owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Cedric Pech sold 360 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the transaction, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 516 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the transaction, the chief accounting officer now owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,427 shares of company stock valued at $41,364,961. 4.80% of the stock is owned by corporate insiders.
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.
Further Reading
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