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Arizona State Retirement System increased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,981 shares of the company’s stock after buying an additional 129 shares during the quarter. Arizona State Retirement System’s holdings in MongoDB were worth $4,994,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in MongoDB during the 4th quarter worth approximately $25,000. MFA Wealth Advisors LLC acquired a new position in MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp raised its stake in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the period. Hantz Financial Services Inc. acquired a new position in MongoDB during the 2nd quarter worth approximately $35,000. Finally, YHB Investment Advisors Inc. acquired a new position in MongoDB during the 1st quarter worth approximately $41,000. 89.29% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CAO Thomas Bull sold 138 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Thomas Bull sold 138 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Lawrence Gordon sold 1,569 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $416,240.01. Following the sale, the chief financial officer now owns 81,942 shares in the company, valued at approximately $21,738,393.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,179 shares of company stock worth $8,063,279. Corporate insiders own 3.60% of the company’s stock.
MongoDB Trading Down 2.8 %
NASDAQ:MDB opened at $281.88 on Monday. The company has a market cap of $20.68 billion, a P/E ratio of -100.31 and a beta of 1.15. The stock’s fifty day moving average price is $253.05 and its two-hundred day moving average price is $308.58. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.95% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the business posted ($0.63) earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts expect that MongoDB, Inc. will post -2.67 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on MDB. Stifel Nicolaus upped their price target on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Truist Financial increased their price objective on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Piper Sandler increased their price objective on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Canaccord Genuity Group lowered their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $337.56.
View Our Latest Stock Report on MDB
MongoDB Profile
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.
Further Reading
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