Dupont Capital Management Corp grew its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 322.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Dupont Capital Management Corp’s holdings in MongoDB were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in shares of MongoDB during the 4th quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in MongoDB during the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC increased its stake 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 purchasing an additional 133 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in MongoDB in the fourth quarter worth $36,000. Finally, CI Investments Inc. boosted 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 institutional investors.

Analysts Set New Price Targets

MDB has been the topic of several research analyst reports. Robert W. Baird raised their price objective on MongoDB from $390.00 to $430.00 in a research note on Friday, June 23rd. Guggenheim lowered MongoDB from a “neutral” rating to a “sell” rating and raised their price target for the stock from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. JMP Securities boosted their price objective on MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. William Blair restated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Finally, 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.59.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now directly owns 1,223,954 shares of the company’s stock, valued at $293,748,960. 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 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the sale, the director now directly owns 1,223,954 shares in the company, valued at $293,748,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mark Porter sold 2,673 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 value of $668,250.00. Following the completion of the transaction, the chief technology officer now directly owns 40,336 shares in the company, valued at approximately $10,084,000. The disclosure for this sale can be found here. In the last three months, insiders sold 118,427 shares of company stock worth $41,784,961. 4.80% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of MDB opened at $409.78 on Friday. The company has a market cap of $28.92 billion, a price-to-earnings ratio of -87.75 and a beta of 1.13. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $362.53 and its 200 day simple moving average is $267.21. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last issued 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. 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 for the quarter, compared to analysts’ expectations of $347.77 million. During the same period in the prior year, the firm earned ($1.15) EPS. MongoDB’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, research analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal 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.

See Also

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