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Simplicity Solutions LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,144 shares of the company’s stock, valued at approximately $267,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System lifted its position in shares of MongoDB by 3.6% during the 1st quarter. Arizona State Retirement System now owns 19,975 shares of the company’s stock valued at $4,657,000 after acquiring an additional 695 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of MongoDB during the first quarter valued at about $257,000. Fiera Capital Corp boosted its position in shares of MongoDB by 40.3% during the 1st quarter. Fiera Capital Corp now owns 222,112 shares of the company’s stock worth $51,779,000 after purchasing an additional 63,760 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of MongoDB by 37.2% in the 1st quarter. Valley National Advisers Inc. now owns 568 shares of the company’s stock valued at $127,000 after buying an additional 154 shares during the period. Finally, Xcel Wealth Management LLC increased its position in MongoDB by 1.3% in the 1st quarter. Xcel Wealth Management LLC now owns 5,988 shares of the company’s stock valued at $1,396,000 after buying an additional 79 shares in the last quarter. 89.22% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Needham & Company LLC boosted their price objective on MongoDB from $250.00 to $430.00 in a report on Friday, June 2nd. The Goldman Sachs Group upped their price objective on shares of MongoDB from $420.00 to $440.00 in a report on Friday, June 23rd. Capital One Financial began coverage on shares of MongoDB in a report on Monday, June 26th. They set an “equal weight” rating and a $396.00 price objective for the company. Sanford C. Bernstein upped their target price on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Finally, Piper Sandler lifted their price target on MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.59.
MongoDB Stock Down 0.7 %
Shares of NASDAQ MDB opened at $409.78 on Monday. 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 stock has a market capitalization of $28.92 billion, a PE ratio of -87.75 and a beta of 1.13. MongoDB, Inc. has a one year low of $135.15 and a one year high of $439.00. The business’s fifty day moving average price is $362.53 and its 200-day moving average price is $268.31.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 business had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same period in the prior year, the firm earned ($1.15) earnings per share. The company’s revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.8 EPS for the current year.
Insider Activity at MongoDB
In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $240.00, for a total transaction of $480,000.00. Following the sale, the director now owns 1,223,954 shares of the company’s stock, valued at approximately $293,748,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $285.34, for a total value of $856,020.00. Following the transaction, the director now owns 1,219,954 shares of the company’s stock, valued at $348,101,674.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $480,000.00. Following the sale, the director now directly owns 1,223,954 shares of the company’s stock, valued at approximately $293,748,960. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,427 shares of company stock worth $41,784,961. Corporate insiders own 4.80% of the company’s stock.
MongoDB 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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