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Advisor Partners II LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 54.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,137 shares of the company’s stock after acquiring an additional 400 shares during the period. Advisor Partners II LLC’s holdings in MongoDB were worth $393,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James & Associates boosted its stake in MongoDB by 32.0% during the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after buying an additional 206 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in MongoDB during the first quarter worth $1,823,000. Panagora Asset Management Inc. boosted its stake in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after buying an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares in the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
Insider Activity at MongoDB
In related news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 100,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total value of $37,687,500.00. Following the completion of the transaction, the chief executive officer now 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 three months, insiders sold 147,029 shares of company stock worth $56,304,511. 4.80% of the stock is owned by company insiders.
MongoDB Price Performance
MongoDB stock opened at $405.44 on Wednesday. The firm has a market capitalization of $29.26 billion, a P/E ratio of -153.58 and a beta of 1.23. MongoDB, Inc. has a 1 year low of $179.52 and a 1 year high of $442.84. The business has a 50-day moving average of $399.14 and a 200-day moving average of $380.69. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million during the quarter, compared to analyst estimates 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 for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.23) EPS. On average, equities analysts anticipate that MongoDB, Inc. will post -1.64 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have recently commented on MDB. Barclays boosted their target price on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Piper Sandler boosted their target price on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Truist Financial restated a “buy” rating and issued a $430.00 target price on shares of MongoDB in a research note on Monday, November 13th. Needham & Company LLC boosted their target price on shares of MongoDB from $445.00 to $495.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, KeyCorp cut their price target on MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $430.41.
Check Out Our Latest Stock Report on MDB
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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