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Assetmark Inc. lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 247.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,952 shares of the company’s stock after buying an additional 13,502 shares during the period. Assetmark Inc.’s holdings in MongoDB were worth $6,555,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Simplicity Solutions LLC lifted its stake in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock worth $480,000 after buying an additional 25 shares during the period. AJ Wealth Strategies LLC lifted its position in MongoDB by 1.2% during the second quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock valued at $982,000 after purchasing an additional 28 shares during the period. Assenagon Asset Management S.A. lifted its position in MongoDB by 1.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock valued at $920,000 after purchasing an additional 32 shares during the period. Veritable L.P. lifted its position in MongoDB by 1.4% during the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock valued at $954,000 after purchasing an additional 33 shares during the period. Finally, Choreo LLC lifted its position in MongoDB by 3.5% during the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock valued at $427,000 after purchasing an additional 35 shares during the period. 88.89% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 359 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Michael Lawrence Gordon sold 7,577 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $410.03, for a total value of $3,106,797.31. Following the transaction, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at approximately $36,503,740.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 359 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at $6,596,650.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,029 shares of company stock valued at $56,304,511. Insiders own 4.80% of the company’s stock.
MongoDB Stock Down 0.3 %
NASDAQ:MDB opened at $391.59 on Friday. MongoDB, Inc. has a 1-year low of $179.52 and a 1-year high of $442.84. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average is $397.23 and its two-hundred day moving average is $380.98.
MongoDB (NASDAQ:MDB – Get Free Report) last released 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 company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business earned ($1.23) EPS. As a group, equities analysts anticipate that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price for the company in a research report on Wednesday, November 8th. Truist Financial restated a “buy” rating and set a $430.00 target price on shares of MongoDB in a research report on Monday, November 13th. Tigress Financial upped their price objective on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, UBS Group reiterated a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $430.41.
Check Out Our Latest Report on MongoDB
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.
Further Reading
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