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Clearline Capital LP bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,342 shares of the company’s stock, valued at approximately $3,085,000.
Several other institutional investors and hedge funds have also bought and sold shares of MDB. Transcendent Capital Group LLC bought a new position in MongoDB in the 4th quarter worth $25,000. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter worth about $25,000. J.Safra Asset Management Corp raised its stake in shares of MongoDB by 682.4% in the second 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. purchased a new position in shares of MongoDB during the 2nd quarter valued at about $35,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of MongoDB during the 1st quarter valued at approximately $41,000. 89.29% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The transaction was disclosed in a filing with the SEC, which is available through this link. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now owns 1,140,006 shares of the company’s stock, valued at $263,341,386. The disclosure for this sale can be found here. Insiders have sold 21,005 shares of company stock valued at $5,557,746 in the last 90 days. Company insiders own 3.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research note on Friday, August 30th. Morgan Stanley upped their price objective on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Mizuho upped their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, DA Davidson lifted 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $337.56.
Read Our Latest Stock Report on MongoDB
MongoDB Stock Down 1.1 %
Shares of NASDAQ MDB opened at $269.53 on Friday. The company has a market cap of $19.77 billion, a P/E ratio of -95.92 and a beta of 1.15. The firm has a 50-day simple moving average of $261.22 and a two-hundred day simple moving average of $294.53. 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 0.84, a current ratio of 5.03 and a quick ratio of 5.03.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% 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 in the prior year, the company posted ($0.63) EPS. MongoDB’s quarterly revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current year.
MongoDB Company 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.
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Article originally posted on mongodb google news. Visit mongodb google news