MMS • RSS
Aljian Capital Management LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 76.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,501 shares of the company’s stock after purchasing an additional 1,945 shares during the period. Aljian Capital Management LLC’s holdings in MongoDB were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in MDB. IFP Advisors Inc boosted its position in MongoDB by 54.3% in the 4th quarter. IFP Advisors Inc now owns 1,632 shares of the company’s stock valued at $380,000 after buying an additional 574 shares during the last quarter. Amalgamated Bank boosted its position in MongoDB by 1.9% in the 4th quarter. Amalgamated Bank now owns 4,713 shares of the company’s stock valued at $1,097,000 after buying an additional 89 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in MongoDB by 1.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 28,100 shares of the company’s stock valued at $6,542,000 after buying an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in MongoDB by 93.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,193 shares of the company’s stock valued at $2,140,000 after buying an additional 4,440 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in MongoDB in the 4th quarter valued at about $10,135,000. 89.29% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the transaction, the director now owns 19,333 shares of the company’s stock, valued at approximately $3,377,281.77. This trade represents a 5.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares of the company’s stock, valued at $9,985,666.84. This represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,202 shares of company stock worth $10,576,696. Corporate insiders own 3.10% of the company’s stock.
MongoDB Price Performance
Shares of MongoDB stock traded up $0.72 on Friday, hitting $209.92. The company had a trading volume of 3,106,432 shares, compared to its average volume of 1,960,037. The business has a 50-day simple moving average of $190.83 and a 200-day simple moving average of $217.14. The company has a market cap of $17.15 billion, a PE ratio of -184.14 and a beta of 1.39. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on MDB shares. Truist Financial decreased their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group reduced their price target on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Macquarie reaffirmed a “neutral” rating and set a $230.00 price target (up previously from $215.00) on shares of MongoDB in a research report on Friday, June 6th. Bank of America increased their price target on shares of MongoDB from $215.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, June 5th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.
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.
See Also
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.
Nuclear energy stocks are roaring. It’s the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.