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Cerity Partners LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 111.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,607 shares of the company’s stock after buying an additional 1,899 shares during the period. Cerity Partners LLC’s holdings in MongoDB were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC purchased a new position in shares of MongoDB during the 2nd quarter worth approximately $26,000. Capital Advisors Ltd. LLC boosted its position in shares of MongoDB by 131.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Global Retirement Partners LLC boosted its position in shares of MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares during the period. AlphaCentric Advisors LLC purchased a new position in shares of MongoDB during the 2nd quarter worth approximately $56,000. Finally, Pacer Advisors Inc. boosted its position in shares of MongoDB by 174.5% during the 2nd quarter. Pacer Advisors Inc. now owns 140 shares of the company’s stock worth $58,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.
Analysts Set New Price Targets
MDB has been the subject of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of MongoDB from $445.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday. Capital One Financial raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price target for the company in a research report on Wednesday, November 8th. Morgan Stanley raised their price target on shares of MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. Bank of America initiated coverage on shares of MongoDB in a research report on Thursday, October 12th. They issued a “buy” rating and a $450.00 price target for the company. Finally, Oppenheimer raised their price target on shares of MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.44.
Read Our Latest Research Report on MDB
Insider Activity
In other news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $370.82, for a total value of $1,854,100.00. Following the sale, the chief financial officer now owns 101,509 shares of the company’s stock, valued at $37,641,567.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CRO Cedric Pech sold 308 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total transaction of $100,491.16. Following the sale, the executive now owns 34,110 shares of the company’s stock, valued at $11,129,069.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $370.82, for a total transaction of $1,854,100.00. Following the sale, the chief financial officer now directly owns 101,509 shares in the company, valued at approximately $37,641,567.38. The disclosure for this sale can be found here. Insiders have sold a total of 305,511 shares of company stock valued at $108,766,329 over the last quarter. Corporate insiders own 4.80% of the company’s stock.
MongoDB Stock Down 0.6 %
Shares of NASDAQ:MDB opened at $381.79 on Friday. The company has a market cap of $27.24 billion, a price-to-earnings ratio of -144.62 and a beta of 1.19. The firm’s 50-day simple moving average is $371.27 and its 200-day simple moving average is $373.15. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.29. MongoDB, Inc. has a fifty-two week low of $164.59 and a fifty-two week high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 21.68%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.23) earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -2.17 earnings per share for the current year.
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.
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