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Rhumbline Advisers raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,138 shares of the company’s stock after purchasing an additional 467 shares during the quarter. Rhumbline Advisers owned 0.13% of MongoDB worth $22,615,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MDB. Creative Planning lifted its position in MongoDB by 16.2% during the third quarter. Creative Planning now owns 17,418 shares of the company’s stock valued at $4,709,000 after purchasing an additional 2,427 shares during the period. Bleakley Financial Group LLC increased its stake in shares of MongoDB by 10.5% in the third quarter. Bleakley Financial Group LLC now owns 939 shares of the company’s stock worth $254,000 after purchasing an additional 89 shares in the last quarter. Blue Trust Inc. increased its stake in shares of MongoDB by 72.3% in the third quarter. Blue Trust Inc. now owns 927 shares of the company’s stock worth $232,000 after purchasing an additional 389 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of MongoDB in the third quarter worth $302,000. Finally, Signaturefd LLC grew its stake in MongoDB by 11.7% during the third quarter. Signaturefd LLC now owns 1,752 shares of the company’s stock valued at $474,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
Insider Buying and Selling
In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,979 shares of company stock valued at $11,963,757. 3.60% of the stock is owned by corporate insiders.
MongoDB Price Performance
MDB opened at $290.00 on Friday. The firm has a fifty day moving average price of $261.59 and a 200 day moving average price of $273.25. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $459.70. The stock has a market cap of $21.60 billion, a P/E ratio of -105.84 and a beta of 1.28.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.
Wall Street Analysts Forecast Growth
MDB has been the subject of several research analyst reports. Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Loop Capital raised their price target on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their price target on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus raised their target price on shares of MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $361.00.
Check Out Our Latest Analysis on MDB
MongoDB 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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