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Bayesian Capital Management LP acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,151 shares of the company’s stock, valued at approximately $6,227,000. MongoDB accounts for about 0.7% of Bayesian Capital Management LP’s holdings, making the stock its 24th biggest holding.
Other institutional investors and hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB during the second quarter worth $26,000. Capital Advisors Ltd. LLC lifted its position in shares of MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of MongoDB during the fourth quarter worth $29,000. Global Retirement Partners LLC lifted its position in shares of MongoDB by 346.7% during the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new stake in shares of MongoDB during the first quarter worth $36,000. 88.89% of the stock is owned by hedge funds and other institutional investors.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $381.79 on Monday. The business’s 50 day moving average price is $371.27 and its 200 day moving average price is $373.82. The firm has a market cap of $27.24 billion, a P/E ratio of -144.62 and a beta of 1.19. MongoDB, Inc. has a 52 week low of $164.59 and a 52 week high of $442.84. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.29.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative return on equity of 21.68% and a negative net margin of 11.70%. MongoDB’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.23) earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -2.17 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on MDB shares. Royal Bank of Canada lifted their target price on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Scotiabank started coverage on MongoDB in a research report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price for the company. Truist Financial restated a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a report on Monday, November 13th. Oppenheimer lifted their price objective on MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Finally, TheStreet upgraded MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $432.44.
View Our Latest Analysis on MongoDB
Insider Activity at MongoDB
In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total value of $1,854,100.00. Following the sale, the chief financial officer now owns 101,509 shares in the company, valued at $37,641,567.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the sale, the chief executive officer now owns 214,177 shares in the company, valued at approximately $80,316,375. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total value of $1,854,100.00. Following the completion of the sale, the chief financial officer now owns 101,509 shares in the company, valued at approximately $37,641,567.38. The disclosure for this sale can be found here. Insiders have sold a total of 305,511 shares of company stock worth $108,766,329 over the last quarter. Insiders own 4.80% of the company’s stock.
MongoDB 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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