Alps Advisors Inc. Raises Stock Position in MongoDB, Inc. (NASDAQ:MDB) – MarketBeat

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Alps Advisors Inc. lifted its position in MongoDB, Inc. (NASDAQ:MDBFree Report) by 42.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,047 shares of the company’s stock after buying an additional 2,400 shares during the period. Alps Advisors Inc.’s holdings in MongoDB were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its holdings in MongoDB by 2.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 45,196 shares of the company’s stock valued at $7,956,000 after acquiring an additional 870 shares during the period. Brown Advisory Inc. grew its position in MongoDB by 671.1% in the first quarter. Brown Advisory Inc. now owns 24,258 shares of the company’s stock worth $4,255,000 after acquiring an additional 21,112 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in MongoDB by 53.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 1,839 shares of the company’s stock worth $323,000 after acquiring an additional 637 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of MongoDB by 44.6% during the first quarter. Envestnet Asset Management Inc. now owns 127,425 shares of the company’s stock valued at $22,350,000 after buying an additional 39,311 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of MongoDB by 47.5% during the first quarter. Penserra Capital Management LLC now owns 69,890 shares of the company’s stock valued at $12,257,000 after buying an additional 22,496 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director directly owned 1,107,006 shares of the company’s stock, valued at $259,039,404. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,746 shares of company stock valued at $7,500,196 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

MongoDB Price Performance

MongoDB stock traded down $6.76 during midday trading on Friday, reaching $202.51. The company had a trading volume of 1,692,989 shares, compared to its average volume of 1,976,296. The company has a market capitalization of $16.55 billion, a P/E ratio of -177.64 and a beta of 1.41. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00. The firm’s fifty day simple moving average is $199.07 and its 200-day simple moving average is $213.89.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period last year, the company posted $0.51 EPS. MongoDB’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on MDB. Bank of America boosted their target price on MongoDB from $215.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Rosenblatt Securities reduced their price objective on shares of MongoDB from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, June 5th. Citigroup cut their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Cantor Fitzgerald lifted their price target on shares of MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a report on Thursday, June 5th. Finally, UBS Group upped their target price on MongoDB from $213.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.39.

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MongoDB Company Profile

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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

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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Article originally posted on mongodb google news. Visit mongodb google news

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