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abrdn plc boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 46.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,803 shares of the company’s stock after acquiring an additional 7,188 shares during the period. abrdn plc’s holdings in MongoDB were worth $7,887,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Simplicity Solutions LLC lifted its holdings in shares of MongoDB by 2.2% in the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after purchasing an additional 25 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of MongoDB by 1.4% in the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock valued at $920,000 after purchasing an additional 32 shares in the last quarter. Veritable L.P. lifted its holdings in shares of MongoDB by 1.4% in the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock valued at $954,000 after purchasing an additional 33 shares in the last quarter. Choreo LLC lifted its holdings in shares of MongoDB by 3.5% in the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock valued at $427,000 after purchasing an additional 35 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of MongoDB by 4.8% in the third quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock valued at $264,000 after purchasing an additional 35 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MDB. Mizuho boosted their price target on MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, December 6th. Bank of America began coverage on MongoDB in a research report on Thursday, October 12th. They issued a “buy” rating and a $450.00 target price on the stock. Capital One Financial raised MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price on the stock in a research report on Wednesday, November 8th. UBS Group reaffirmed a “neutral” rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Tigress Financial lifted their target price on MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $429.50.
View Our Latest Analysis on MongoDB
MongoDB Trading Up 6.6 %
Shares of NASDAQ:MDB opened at $436.01 on Friday. The company has a market capitalization of $31.47 billion, a P/E ratio of -165.16 and a beta of 1.24. MongoDB, Inc. has a 1 year low of $189.59 and a 1 year high of $442.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The business’s 50 day simple moving average is $403.38 and its 200 day simple moving average is $381.58.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.23) EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.63 EPS for the current fiscal year.
Insider Buying and Selling at MongoDB
In related news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $365.30, for a total transaction of $730,600.00. Following the sale, the director now owns 1,189,159 shares of the company’s stock, valued at approximately $434,399,782.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $365.30, for a total transaction of $730,600.00. Following the sale, the director now owns 1,189,159 shares of the company’s stock, valued at approximately $434,399,782.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 100,500 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the transaction, the chief executive officer now directly owns 214,177 shares of the company’s stock, valued at $80,316,375. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,277 shares of company stock valued at $55,549,581. 4.80% of the stock is currently owned by corporate insiders.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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