Amalgamated Bank boosted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,548 shares of the company’s stock after purchasing an additional 340 shares during the period. Amalgamated Bank’s holdings in MongoDB were worth $2,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MDB. Vanguard Group Inc. increased its holdings in MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after buying an additional 121,201 shares in the last quarter. Jennison Associates LLC increased its holdings in MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after buying an additional 1,745,231 shares in the last quarter. State Street Corp increased its holdings in MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after buying an additional 24,595 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in MongoDB by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,000,665 shares of the company’s stock valued at $410,567,000 after buying an additional 33,376 shares in the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

MongoDB Stock Up 5.4 %

MDB opened at $500.90 on Monday. The firm has a 50 day moving average price of $408.06 and a 200 day moving average price of $382.88. The company has a market cap of $36.15 billion, a PE ratio of -189.73 and a beta of 1.24. MongoDB, Inc. has a 1 year low of $189.59 and a 1 year high of $507.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The firm had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.23) EPS. Sell-side analysts expect that MongoDB, Inc. will post -1.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDB. DA Davidson reaffirmed a “neutral” rating and issued a $405.00 target price on shares of MongoDB in a report on Friday, January 26th. Barclays raised their price objective on shares of MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. UBS Group reissued a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Truist Financial reissued a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research note on Monday, November 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $495.00 price objective on shares of MongoDB in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $429.50.

Read Our Latest Report on MongoDB

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $437.99, for a total value of $2,627,940.00. Following the completion of the transaction, the director now owns 1,168,784 shares in the company, valued at approximately $511,915,704.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $437.99, for a total value of $2,627,940.00. Following the completion of the transaction, the director now owns 1,168,784 shares in the company, valued at approximately $511,915,704.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. 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 528,896 shares in the company, valued at approximately $222,136,320. The disclosure for this sale can be found here. Insiders sold a total of 81,777 shares of company stock worth $33,554,031 in the last 90 days. 4.80% of the stock is owned by company insiders.

About MongoDB

(Free Report)

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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