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Allworth Financial LP trimmed its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450 shares of the company’s stock after selling 68 shares during the period. Allworth Financial LP’s holdings in MongoDB were worth $89,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in MDB. Venture Visionary Partners LLC purchased a new position in MongoDB in the 2nd quarter worth approximately $28,000. Oppenheimer & Co. Inc. raised its position in MongoDB by 3.5% during the second quarter. Oppenheimer & Co. Inc. now owns 4,070 shares of the company’s stock valued at $1,056,000 after purchasing an additional 137 shares in the last quarter. Shell Asset Management Co. lifted its stake in MongoDB by 7.0% during the second quarter. Shell Asset Management Co. now owns 2,020 shares of the company’s stock worth $524,000 after purchasing an additional 133 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of MongoDB by 18.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 549 shares of the company’s stock worth $142,000 after purchasing an additional 84 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of MongoDB by 61.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 2,082 shares of the company’s stock valued at $540,000 after purchasing an additional 793 shares during the last quarter. 84.86% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MDB. Needham & Company LLC boosted their target price on MongoDB from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, December 21st. Barclays increased their target price on shares of MongoDB from $233.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, December 7th. Canaccord Genuity Group decreased their target price on shares of MongoDB from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, December 7th. Wedbush assumed coverage on shares of MongoDB in a research report on Wednesday, December 14th. They set an “outperform” rating and a $240.00 price target for the company. Finally, Credit Suisse Group decreased their price objective on MongoDB from $400.00 to $305.00 and set an “outperform” rating on the stock in a report on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.00.
Insider Buying and Selling
In other MongoDB news, CEO Dev Ittycheria sold 40,107 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $199.87, for a total transaction of $8,016,186.09. Following the completion of the transaction, the chief executive officer now owns 194,646 shares of the company’s stock, valued at $38,903,896.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Mark Porter sold 909 shares of MongoDB stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $198.84, for a total value of $180,745.56. Following the completion of the transaction, the chief technology officer now owns 28,212 shares of the company’s stock, valued at approximately $5,609,674.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 40,107 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $199.87, for a total transaction of $8,016,186.09. Following the sale, the chief executive officer now directly owns 194,646 shares in the company, valued at $38,903,896.02. The disclosure for this sale can be found here. Insiders have sold 59,846 shares of company stock valued at $11,956,703 over the last quarter. Corporate insiders own 5.70% of the company’s stock.
MongoDB Stock Performance
Shares of MDB stock opened at $196.84 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.66. The company’s fifty day moving average price is $174.78 and its 200-day moving average price is $237.68. The stock has a market cap of $13.64 billion, a PE ratio of -36.66 and a beta of 1.02. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $538.08.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
Further Reading
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