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Allianz Asset Management GmbH bought a new stake in Mongodb Inc (NASDAQ:MDB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 367,065 shares of the company’s stock, valued at approximately $15,931,000. Allianz Asset Management GmbH owned 0.73% of Mongodb at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Mongodb by 26.0% in the first quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock worth $854,000 after acquiring an additional 4,060 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in Mongodb during the first quarter valued at approximately $217,000. BlackRock Inc. purchased a new position in Mongodb during the fourth quarter valued at approximately $10,042,000. Goldman Sachs Group Inc. purchased a new position in Mongodb during the fourth quarter valued at approximately $4,493,000. Finally, Geode Capital Management LLC purchased a new position in Mongodb during the fourth quarter valued at approximately $2,864,000. 29.54% of the stock is owned by institutional investors.
A number of research analysts recently commented on MDB shares. Monness Crespi & Hardt boosted their price objective on shares of Mongodb from $51.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $54.00 price objective (up from $45.00) on shares of Mongodb in a research report on Thursday, June 7th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Mongodb from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 5th. KeyCorp boosted their target price on shares of Mongodb from $50.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, June 7th. Finally, Zacks Investment Research downgraded shares of Mongodb from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Mongodb presently has a consensus rating of “Buy” and an average target price of $47.00.
Shares of Mongodb traded up $1.55, reaching $61.58, on Thursday, MarketBeat reports. The stock had a trading volume of 646,600 shares, compared to its average volume of 711,698. Mongodb Inc has a fifty-two week low of $24.62 and a fifty-two week high of $62.01. The stock has a market capitalization of $2.98 billion and a price-to-earnings ratio of -34.91.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 6th. The company reported ($0.43) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.43). The firm had revenue of $48.20 million during the quarter, compared to analyst estimates of $46.46 million. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. equities research analysts anticipate that Mongodb Inc will post -2.22 EPS for the current year.
In related news, insider Eliot Horowitz sold 9,262 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $49.06, for a total transaction of $454,393.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Bull sold 8,000 shares of the business’s stock in a transaction on Thursday, June 21st. The shares were sold at an average price of $58.80, for a total transaction of $470,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,889 shares of company stock valued at $9,336,588. Corporate insiders own 40.04% of the company’s stock.
MongoDB, Inc engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Professional, Development Support, Ops and Cloud Manager. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan and Geir Magnusson Jr.
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