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Sierra Summit Advisors LLC purchased a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,050 shares of the company’s stock, valued at approximately $6,012,000. MongoDB comprises 1.5% of Sierra Summit Advisors LLC’s holdings, making the stock its 28th largest position.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new position in shares of MongoDB during the 4th quarter worth approximately $25,000. MFA Wealth Advisors LLC acquired a new position in shares of MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp grew 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 worth $33,000 after purchasing an additional 116 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of MongoDB during the 2nd quarter worth approximately $35,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of MongoDB during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Insiders Place Their Bets
In other news, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now directly owns 20,020 shares of the company’s stock, valued at $4,564,560. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director John Dennis Mcmahon sold 10,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the director now owns 20,020 shares in the company, valued at $4,564,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the transaction, the director now owns 1,146,003 shares of the company’s stock, valued at approximately $280,770,735. The disclosure for this sale can be found here. Insiders sold a total of 32,005 shares of company stock worth $8,082,746 over the last ninety days. 3.60% of the stock is owned by company insiders.
MongoDB Stock Performance
Shares of NASDAQ:MDB traded up $0.85 during midday trading on Monday, hitting $290.94. The stock had a trading volume of 238,893 shares, compared to its average volume of 1,494,393. The company has a market capitalization of $21.34 billion, a PE ratio of -103.23 and a beta of 1.15. The stock has a 50 day moving average price of $255.85 and a two-hundred day moving average price of $302.21. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.63) earnings per share. As a group, equities analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Morgan Stanley upped their price target on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Needham & Company LLC upped their price target on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Mizuho upped their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $337.56.
Read Our Latest Research Report on MDB
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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