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Banque Cantonale Vaudoise raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,385 shares of the company’s stock after acquiring an additional 85 shares during the quarter. Banque Cantonale Vaudoise’s holdings in MongoDB were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of MongoDB in the first quarter worth $39,000. Nordea Investment Management AB increased its holdings in shares of MongoDB by 8.2% in the first quarter. Nordea Investment Management AB now owns 4,174 shares of the company’s stock worth $927,000 after purchasing an additional 318 shares during the period. Clarius Group LLC increased its holdings in shares of MongoDB by 7.7% in the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock worth $318,000 after purchasing an additional 97 shares during the period. Dakota Wealth Management bought a new position in shares of MongoDB in the first quarter worth $372,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of MongoDB by 10.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,863 shares of the company’s stock worth $434,000 after purchasing an additional 177 shares during the period. Institutional investors own 89.22% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MDB. Wedbush reduced their target price on MongoDB from $240.00 to $230.00 in a research note on Thursday, March 9th. Needham & Company LLC increased their target price on MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. Oppenheimer increased their target price on MongoDB from $270.00 to $430.00 in a research note on Friday, June 2nd. Sanford C. Bernstein increased their target price on MongoDB from $257.00 to $424.00 in a research note on Monday, June 5th. Finally, KeyCorp increased their target price on MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $366.30.
Insider Buying and Selling at MongoDB
In related 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 sale, the director now owns 1,223,954 shares of the company’s stock, valued at $293,748,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Dev Ittycheria sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $287.32, for a total value of $5,746,400.00. Following the sale, the chief executive officer now owns 262,311 shares in the company, valued at $75,367,196.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the sale, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,050 shares of company stock valued at $13,942,694. Corporate insiders own 4.80% of the company’s stock.
MongoDB Trading Down 0.4 %
Shares of NASDAQ MDB opened at $409.57 on Thursday. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $418.70. The company has a 50 day simple moving average of $323.50 and a two-hundred day simple moving average of $250.14. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Free Report) last announced its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share 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 business had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same quarter last year, the firm earned ($1.15) earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, analysts forecast that MongoDB, Inc. will post -2.8 EPS for the current year.
MongoDB Company Profile
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.
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