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Thrivent Financial for Lutherans increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1,098.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 424,402 shares of the company’s stock after buying an additional 388,979 shares during the quarter. Thrivent Financial for Lutherans owned about 0.58% of MongoDB worth $106,084,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of MDB. Jennison Associates LLC lifted its position in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after buying an additional 551,567 shares during the last quarter. Swedbank AB increased its stake in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the period. Axiom Investors LLC DE purchased a new stake in MongoDB in the fourth quarter worth $153,990,000. Clearbridge Investments LLC increased its stake in MongoDB by 109.0% in the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after purchasing an additional 232,101 shares during the period. Finally, First Trust Advisors LP increased its stake in MongoDB by 59.3% in the fourth quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after purchasing an additional 204,284 shares during the period. 89.29% of the stock is currently owned by institutional investors.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $278.45 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a market cap of $20.42 billion, a PE ratio of -99.09 and a beta of 1.15. The business has a 50-day simple moving average of $259.06 and a two-hundred day simple moving average of $297.93. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts have weighed in on MDB shares. Guggenheim upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Tigress Financial reduced their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Mizuho increased their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Scotiabank increased their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Finally, Robert W. Baird cut their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $337.56.
View Our Latest Stock Report on MongoDB
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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