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International Assets Investment Management LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 282 shares of the company’s stock, valued at approximately $93,000.
Other institutional investors have also modified their holdings of the company. AWM Capital LLC acquired a new stake in MongoDB during the second quarter valued at approximately $329,000. Prosperity Wealth Management Inc. bought a new position in shares of MongoDB during the second quarter valued at approximately $325,000. ST Germain D J Co. Inc. bought a new position in shares of MongoDB during the second quarter valued at approximately $45,000. Alamar Capital Management LLC grew its holdings in shares of MongoDB by 2.4% during the second quarter. Alamar Capital Management LLC now owns 9,056 shares of the company’s stock valued at $3,722,000 after purchasing an additional 210 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of MongoDB by 47.9% during the second quarter. Osaic Holdings Inc. now owns 14,324 shares of the company’s stock valued at $5,876,000 after purchasing an additional 4,640 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
Insiders Place Their Bets
In other MongoDB news, CAO Thomas Bull sold 518 shares of MongoDB stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $342.41, for a total transaction of $177,368.38. Following the sale, the chief accounting officer now owns 16,672 shares in the company, valued at $5,708,659.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Thomas Bull sold 518 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $342.41, for a total value of $177,368.38. Following the sale, the chief accounting officer now owns 16,672 shares in the company, valued at approximately $5,708,659.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $342.39, for a total transaction of $342,390.00. Following the completion of the sale, the director now owns 534,896 shares in the company, valued at approximately $183,143,041.44. The disclosure for this sale can be found here. Insiders have sold 298,337 shares of company stock worth $106,126,741 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.
MongoDB Stock Down 0.7 %
MDB opened at $409.78 on Wednesday. MongoDB, Inc. has a fifty-two week low of $164.59 and a fifty-two week high of $442.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The firm’s fifty day moving average price is $380.03 and its two-hundred day moving average price is $379.13. The company has a market capitalization of $29.58 billion, a P/E ratio of -155.22 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. During the same quarter in the previous year, the company earned ($1.23) earnings per share. The business’s revenue was up 29.8% compared to the same quarter last year. On average, analysts anticipate that MongoDB, Inc. will post -1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on MDB. Guggenheim upped their target price on MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a report on Friday, September 1st. TheStreet upgraded MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Scotiabank initiated coverage on shares of MongoDB in a research note on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price on the stock. Needham & Company LLC raised their target price on shares of MongoDB from $445.00 to $495.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Morgan Stanley lifted their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $432.44.
View Our Latest Stock Report on MongoDB
About MongoDB
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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