MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Asset Management One Co. Ltd. boosted its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,283 shares of the company’s stock after buying an additional 4,268 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.09% of MongoDB worth $14,782,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDB. Cherry Creek Investment Advisors Inc. lifted its position in shares of MongoDB by 1.5% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after purchasing an additional 50 shares during the last quarter. Allworth Financial LP lifted its position in shares of MongoDB by 12.9% during the 4th quarter. Allworth Financial LP now owns 508 shares of the company’s stock worth $100,000 after purchasing an additional 58 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in shares of MongoDB by 7.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock worth $223,000 after purchasing an additional 59 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of MongoDB by 1.0% during the 4th quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock worth $1,261,000 after purchasing an additional 61 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of MongoDB by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,512 shares of the company’s stock worth $298,000 after purchasing an additional 65 shares during the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.
MongoDB Stock Up 1.5 %
NASDAQ MDB opened at $394.62 on Tuesday. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $418.70. The firm has a 50-day moving average price of $333.01 and a 200 day moving average price of $254.67. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. During the same period last year, the company posted ($1.15) earnings per share. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts predict that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal year.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the transaction, the director now directly owns 1,223,954 shares of the company’s stock, valued at $293,748,960. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now directly owns 1,223,954 shares of the company’s stock, valued at approximately $293,748,960. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at $88,775,860.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,821 shares of company stock valued at $41,133,220. Corporate insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on MDB shares. William Blair reissued an “outperform” rating on shares of MongoDB in a research report on Friday, June 2nd. Royal Bank of Canada boosted their price target on shares of MongoDB from $400.00 to $445.00 in a research report on Friday, June 23rd. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Oppenheimer boosted their price target on shares of MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Finally, Stifel Nicolaus boosted their price target on shares of MongoDB from $375.00 to $420.00 in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.30.
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.
Featured Articles
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.
Article originally posted on mongodb google news. Visit mongodb google news