Mackenzie Financial Corp Grows Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Uncategorized

Mackenzie Financial Corp Grows Stock Position in MongoDB, Inc. (NASDAQ:MDB)

MMS • RSS

Mackenzie Financial Corp increased its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 96.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,773 shares of the company’s stock after buying an additional 2,832 shares during the period. Mackenzie Financial Corp’s holdings in MongoDB were worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its holdings in MongoDB by 23.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,654 shares of the company’s stock valued at $2,964,000 after purchasing an additional 2,591 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in MongoDB by 60.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 15,075 shares of the company’s stock valued at $3,514,000 after purchasing an additional 5,679 shares in the last quarter. Whittier Trust Co. lifted its holdings in MongoDB by 21.0% in the 1st quarter. Whittier Trust Co. now owns 29,391 shares of the company’s stock valued at $6,851,000 after purchasing an additional 5,094 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in MongoDB by 9.6% in the 1st quarter. Stonegate Investment Group LLC now owns 6,028 shares of the company’s stock valued at $1,405,000 after purchasing an additional 526 shares in the last quarter. Finally, DnB Asset Management AS lifted its holdings in MongoDB by 0.8% in the 1st quarter. DnB Asset Management AS now owns 10,158 shares of the company’s stock valued at $2,368,000 after purchasing an additional 85 shares in the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Capital One Financial started coverage on shares of MongoDB in a research report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price objective for the company. Mizuho increased their price objective on shares of MongoDB from $220.00 to $240.00 in a research report on Friday, June 23rd. VNET Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Finally, Sanford C. Bernstein increased their price objective on shares of MongoDB from $257.00 to $424.00 in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $366.59.

Insider Activity

In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on 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 directly owns 1,225,954 shares of the company’s stock, valued at $294,228,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Dwight A. Merriman sold 606 shares of MongoDB stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $382.41, for a total transaction of $231,740.46. Following the transaction, the director now directly owns 1,214,159 shares of the company’s stock, valued at $464,306,543.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $240.00, for a total value of $480,000.00. Following the transaction, the director now directly owns 1,225,954 shares in the company, valued at $294,228,960. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,427 shares of company stock valued at $41,364,961. Company insiders own 4.80% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $409.17 on Tuesday. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $418.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The business’s fifty day moving average price is $349.74 and its two-hundred day moving average price is $261.91. The firm has a market capitalization of $28.88 billion, a PE ratio of -87.62 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping 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 firm had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. During the same period last year, the company earned ($1.15) earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, research analysts expect that MongoDB, Inc. will post -2.8 EPS for the current year.

About MongoDB

(Free Report)

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.

Mobile Monitoring Solutions

Uncategorized