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AM Squared Ltd boosted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 33.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,200 shares of the company’s stock after buying an additional 300 shares during the period. AM Squared Ltd’s holdings in MongoDB were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. abrdn plc lifted its stake in MongoDB by 79.7% in the 1st quarter. abrdn plc now owns 12,019 shares of the company’s stock worth $2,802,000 after acquiring an additional 5,331 shares in the last quarter. Clarius Group LLC lifted its stake in MongoDB by 7.7% in the 1st quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock worth $318,000 after acquiring an additional 97 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in MongoDB in the 1st quarter worth about $7,433,000. Daiwa Securities Group Inc. raised its stake in shares of MongoDB by 3.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,461 shares of the company’s stock worth $1,273,000 after purchasing an additional 186 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of MongoDB by 12.3% during the 4th quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after purchasing an additional 924 shares in the last quarter. 88.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on MDB shares. Morgan Stanley raised their price target on MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. JMP Securities raised their price target on MongoDB from $425.00 to $440.00 and gave the stock a “market outperform” rating in a research note on Friday, September 1st. Truist Financial raised their price target on MongoDB from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. The Goldman Sachs Group increased their price objective on MongoDB from $420.00 to $440.00 in a report on Friday, June 23rd. Finally, 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. One equities research 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 data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $418.08.
Check Out Our Latest Research Report on MDB
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now owns 1,213,159 shares in the company, valued at approximately $509,526,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now owns 1,213,159 shares in the company, valued at approximately $509,526,780. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 2,174 shares of MongoDB stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the completion of the transaction, the director now owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The disclosure for this sale can be found here. Insiders sold 99,694 shares of company stock worth $39,991,889 in the last 90 days. 4.80% of the stock is owned by company insiders.
MongoDB Price Performance
MongoDB stock opened at $374.57 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.19. The company has a market capitalization of $26.44 billion, a PE ratio of -108.26 and a beta of 1.11. MongoDB, Inc. has a one year low of $135.15 and a one year high of $439.00. The business has a 50 day simple moving average of $387.78 and a 200 day simple moving average of $313.60.
About MongoDB
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.
See Also
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