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Barclays PLC purchased a new stake in Mongodb Inc (NASDAQ:MDB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,510 shares of the company’s stock, valued at approximately $283,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Mongodb by 268.3% in the first quarter. BlackRock Inc. now owns 1,246,117 shares of the company’s stock worth $54,081,000 after buying an additional 907,784 shares in the last quarter. Wells Fargo & Company MN bought a new position in Mongodb in the fourth quarter worth approximately $14,839,000. Frontier Capital Management Co. LLC raised its stake in Mongodb by 195.3% in the first quarter. Frontier Capital Management Co. LLC now owns 437,076 shares of the company’s stock worth $18,969,000 after buying an additional 289,080 shares in the last quarter. Millennium Management LLC bought a new position in Mongodb in the fourth quarter worth approximately $11,579,000. Finally, Allianz Asset Management GmbH bought a new position in Mongodb in the first quarter worth approximately $15,931,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
A number of equities analysts recently commented on MDB shares. ValuEngine raised shares of Mongodb from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Monness Crespi & Hardt initiated coverage on shares of Mongodb in a research note on Wednesday, April 11th. They issued a “buy” rating and a $51.00 price objective for the company. Needham & Company LLC upped their price target on Mongodb from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, June 4th. Stifel Nicolaus upped their price target on Mongodb from $34.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price target (up from $35.00) on shares of Mongodb in a research report on Wednesday, March 14th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Mongodb currently has an average rating of “Buy” and an average price target of $47.00.
Shares of Mongodb opened at $51.18 on Friday, MarketBeat.com reports. The firm has a market cap of $2.54 billion and a PE ratio of -29.41. Mongodb Inc has a 12-month low of $24.62 and a 12-month high of $59.54.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, June 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.43). The business had revenue of $48.20 million for the quarter, compared to analyst estimates of $46.46 million. The firm’s revenue was up 48.8% compared to the same quarter last year. equities research analysts anticipate that Mongodb Inc will post -2.22 EPS for the current year.
In other news, CFO Michael Lawrence Gordon sold 721 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $49.40, for a total transaction of $35,617.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Whale Rock Capital Management acquired 1,214,850 shares of the company’s stock in a transaction dated Tuesday, May 8th. The shares were bought at an average cost of $40.23 per share, for a total transaction of $48,873,415.50. The disclosure for this purchase can be found here. Insiders have sold 132,789 shares of company stock worth $7,681,776 over the last three months. Corporate insiders own 40.04% of the company’s stock.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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