MMS • RSS
Andar Capital Management HK Ltd raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 83.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,000 shares of the company’s stock after buying an additional 10,000 shares during the period. MongoDB comprises approximately 19.2% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its biggest position. Andar Capital Management HK Ltd’s holdings in MongoDB were worth $7,609,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. KB Financial Partners LLC acquired a new stake in shares of MongoDB during the 2nd quarter valued at about $27,000. BluePath Capital Management LLC acquired a new position in MongoDB during the third quarter valued at approximately $30,000. Parkside Financial Bank & Trust grew its holdings in MongoDB by 176.5% during the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after purchasing an additional 60 shares during the period. AM Squared Ltd acquired a new position in MongoDB during the third quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in MongoDB during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
MongoDB Stock Performance
NASDAQ MDB traded down $3.59 during trading on Monday, reaching $497.31. The company’s stock had a trading volume of 611,248 shares, compared to its average volume of 1,349,371. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $35.89 billion, a price-to-earnings ratio of -193.00 and a beta of 1.24. MongoDB, Inc. has a 12 month low of $189.59 and a 12 month high of $509.62. The firm has a 50 day moving average price of $408.06 and a 200 day moving average price of $382.73.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $406.33 million. During the same quarter in the previous year, the firm posted ($1.23) EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.63 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Truist Financial reaffirmed a “buy” rating and set a $430.00 price target on shares of MongoDB in a report on Monday, November 13th. Royal Bank of Canada boosted their price target on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. TheStreet upgraded shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. UBS Group restated a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Finally, KeyCorp reduced their target price on shares of MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $429.50.
Read Our Latest Stock Report on MongoDB
Insider Activity
In related news, CAO Thomas Bull sold 359 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the sale, the executive now directly owns 25,425 shares of the company’s stock, valued at $10,170,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. Insiders have sold a total of 81,777 shares of company stock valued at $33,554,031 over the last quarter. Company 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.