MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Deutsche Bank AG boosted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 52.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 294,463 shares of the company’s stock after purchasing an additional 101,819 shares during the period. Deutsche Bank AG owned approximately 0.40% of MongoDB worth $68,554,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Franklin Resources Inc. raised its position in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after purchasing an additional 181,962 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after purchasing an additional 22,106 shares during the last quarter. First Trust Advisors LP increased its stake in MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock worth $199,031,000 after purchasing an additional 95,893 shares in the last quarter. Finally, Norges Bank acquired a new stake in MongoDB during the 4th quarter worth about $189,584,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $191.61 on Tuesday. The stock’s 50-day moving average is $174.62 and its 200-day moving average is $241.04. The company has a market cap of $15.56 billion, a P/E ratio of -69.93 and a beta of 1.49. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $379.06.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period last year, the business earned $0.86 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
Insider Transactions at MongoDB
In other news, insider Cedric Pech sold 1,690 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $58,121,799.12. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,423 shares of company stock worth $7,148,369. 3.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Daiwa Capital Markets assumed coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price for the company. Truist Financial lowered their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Rosenblatt Securities restated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Redburn Atlantic raised MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target on the stock in a research report on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $294.78.
View 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.
Featured Articles
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Enter your email address and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
Article originally posted on mongodb google news. Visit mongodb google news