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Commonwealth Equity Services LLC lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,225 shares of the company’s stock after selling 1,195 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MongoDB were worth $3,056,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of MongoDB during the 4th quarter valued at $25,000. MFA Wealth Advisors LLC bought a new stake in MongoDB during the second quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new stake in MongoDB during the first quarter valued at about $41,000. Sunbelt Securities Inc. increased its position in MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after buying an additional 76 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have commented on MDB shares. Citigroup raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. UBS Group lifted their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Piper Sandler increased their price target on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Needham & Company LLC boosted their price objective on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein upped their price objective on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.
Check Out Our Latest Analysis on MDB
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $224.38, for a total value of $263,422.12. Following the sale, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. Insiders sold 32,179 shares of company stock worth $8,063,279 over the last 90 days. Company insiders own 3.60% of the company’s stock.
MongoDB Stock Performance
NASDAQ MDB opened at $291.49 on Wednesday. The company has a market cap of $21.53 billion, a P/E ratio of -103.73 and a beta of 1.15. The business’s 50 day moving average price is $254.14 and its 200-day moving average price is $305.46. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the prior year, the firm posted ($0.63) earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current year.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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