Raymond James Financial Services Advisors Inc. boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,863 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MongoDB were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC increased its position 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 buying 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 approximately $36,000. Finally, CI Investments Inc. increased its position in shares of MongoDB by 126.8% during the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock worth $37,000 after purchasing an additional 104 shares in the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now directly owns 1,213,159 shares in the company, valued at $509,526,780. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, the director now directly owns 1,213,159 shares in the company, valued at $509,526,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on 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 owns 1,225,954 shares in the company, valued at $294,228,960. The disclosure for this sale can be found here. Insiders sold a total of 118,427 shares of company stock worth $41,784,961 over the last ninety days. Company insiders own 4.80% of the company’s stock.

MongoDB Trading Down 4.3 %

MDB opened at $412.64 on Friday. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $439.00. The business has a fifty day simple moving average of $359.61 and a 200-day simple moving average of $265.73. The firm has a market cap of $29.12 billion, a P/E ratio of -88.36 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 released its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS 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 business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same period last year, the business posted ($1.15) earnings per share. The company’s quarterly revenue was up 29.0% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDB. Barclays boosted their price target on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Morgan Stanley boosted their price target on MongoDB from $270.00 to $440.00 in a research report on Friday, June 23rd. VNET Group reiterated a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Stifel Nicolaus boosted their price target on MongoDB from $375.00 to $420.00 in a research report on Friday, June 23rd. Finally, Piper Sandler boosted their price target on MongoDB from $270.00 to $400.00 in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $366.59.

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.

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