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UNICOM Systems Inc. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 116.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,500 shares of the company’s stock after buying an additional 24,500 shares during the period. MongoDB accounts for approximately 1.6% of UNICOM Systems Inc.’s holdings, making the stock its 13th largest holding. UNICOM Systems Inc. owned approximately 0.06% of MongoDB worth $7,981,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Peregrine Investment Management Inc. increased its holdings in MongoDB by 17.1% in the 1st quarter. Peregrine Investment Management Inc. now owns 18,940 shares of the company’s stock valued at $3,322,000 after purchasing an additional 2,760 shares in the last quarter. CWM LLC lifted its position in shares of MongoDB by 8.7% during the first quarter. CWM LLC now owns 3,607 shares of the company’s stock worth $633,000 after purchasing an additional 289 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of MongoDB by 16.4% in the first quarter. Stephens Investment Management Group LLC now owns 47,926 shares of the company’s stock valued at $8,406,000 after purchasing an additional 6,743 shares during the period. New York State Common Retirement Fund grew its holdings in MongoDB by 20.4% during the 1st quarter. New York State Common Retirement Fund now owns 113,134 shares of the company’s stock valued at $19,844,000 after purchasing an additional 19,174 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in MongoDB by 0.4% in the 1st quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock worth $3,772,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on MDB. Monness Crespi & Hardt upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price objective for the company in a research note on Thursday, June 5th. DA Davidson reiterated a “buy” rating and set a $275.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Wolfe Research began coverage on shares of MongoDB in a research note on Wednesday, July 9th. They issued an “outperform” rating and a $280.00 price target for the company. Rosenblatt Securities reduced their price target on shares of MongoDB from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, June 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Thursday, June 26th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $282.39.
Read Our Latest Analysis on MongoDB
MongoDB Trading Down 0.5%
NASDAQ:MDB traded down $0.98 during trading hours on Monday, hitting $201.53. 1,482,490 shares of the stock traded hands, compared to its average volume of 2,310,411. The firm has a 50 day moving average price of $199.07 and a 200 day moving average price of $213.69. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of -176.78 and a beta of 1.41. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
Insider Activity
In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director directly owned 21,096 shares of the company’s stock, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the sale, the director directly owned 1,107,006 shares of the company’s stock, valued at $259,039,404. This represents a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,746 shares of company stock worth $7,500,196. 3.10% of the stock is owned by corporate insiders.
MongoDB Company Profile
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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