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Blair William & Co. IL boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 40.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 247,731 shares of the company’s stock after buying an additional 71,273 shares during the quarter. Blair William & Co. IL owned approximately 0.35% of MongoDB worth $57,751,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S grew its position in MongoDB by 130.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 352 shares of the company’s stock valued at $82,000 after purchasing an additional 199 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its stake in shares of MongoDB by 151.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 6,983 shares of the company’s stock worth $1,628,000 after purchasing an additional 4,209 shares during the period. Maytus Capital Management LLC bought a new position in shares of MongoDB in the 1st quarter worth approximately $4,896,000. First Republic Investment Management Inc. lifted its stake in shares of MongoDB by 1,138.4% in the 1st quarter. First Republic Investment Management Inc. now owns 79,332 shares of the company’s stock worth $18,494,000 after purchasing an additional 72,926 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of MongoDB by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 229,503 shares of the company’s stock worth $53,502,000 after purchasing an additional 5,331 shares during the period. 88.89% of the stock is currently owned by institutional investors.
Insider Transactions at MongoDB
In related news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $146,444.40. Following the transaction, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the sale, the executive now directly owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total value of $20,353,500.00. Following the completion of the transaction, the chief executive officer now directly owns 218,085 shares in the company, valued at approximately $88,775,860.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,220 shares of company stock worth $32,161,151. 4.80% of the stock is currently owned by insiders.
MongoDB Price Performance
Shares of NASDAQ:MDB traded up $5.23 during trading on Thursday, hitting $380.75. 1,235,638 shares of the company were exchanged, compared to its average volume of 1,672,537. 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, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00. The company has a market capitalization of $26.87 billion, a P/E ratio of -80.41 and a beta of 1.13. The business’s 50 day moving average is $390.07 and its 200-day moving average is $302.31.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business’s revenue was up 29.0% on a year-over-year basis. During the same period last year, the business earned ($1.15) EPS. Equities analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on MDB. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Oppenheimer upped their price target on shares of MongoDB from $270.00 to $430.00 in a report on Friday, June 2nd. Sanford C. Bernstein upped their price target on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. KeyCorp upped their price objective on shares of MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Finally, VNET Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $379.23.
Get Our Latest Stock Report on MDB
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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