Bank of Montreal Can Increases Stock Position in MongoDB, Inc. (NASDAQ:MDB)

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Bank of Montreal Can grew its stake in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 13.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,073 shares of the company’s stock after buying an additional 9,270 shares during the period. Bank of Montreal Can owned 0.10% of MongoDB worth $19,028,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in MongoDB in the 4th quarter worth $25,000. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB in the 2nd quarter worth about $25,000. J.Safra Asset Management Corp increased its position in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of MongoDB in the 2nd quarter worth about $35,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of MongoDB in the 1st quarter worth about $41,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MongoDB

In related news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares in the company, valued at approximately $9,475,893.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MongoDB news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now owns 35,719 shares in the company, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,005 shares of company stock worth $5,557,746. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. Mizuho boosted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. DA Davidson boosted their price objective on shares of MongoDB from $265.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Stifel Nicolaus upped their target price on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. Finally, Needham & Company LLC upped their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $337.56.

View Our Latest Stock Analysis on MDB

MongoDB Stock Down 1.1 %

Shares of NASDAQ:MDB opened at $269.53 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a market cap of $19.77 billion, a PE ratio of -95.92 and a beta of 1.15. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a 50 day simple moving average of $261.22 and a 200 day simple moving average of $294.53.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.63) EPS. As a group, research analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current year.

About MongoDB

(Free Report)

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.

Read More

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.