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Brainard Capital Management LLC bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,600 shares of the company’s stock, valued at approximately $315,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP grew its holdings in shares of MongoDB by 87.4% during the third quarter. Marshall Wace LLP now owns 696,998 shares of the company’s stock worth $138,396,000 after buying an additional 325,136 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of MongoDB by 5,168.6% during the 4th quarter. National Bank of Canada FI now owns 273,069 shares of the company’s stock worth $53,751,000 after acquiring an additional 267,886 shares in the last quarter. Eventide Asset Management LLC boosted its stake in shares of MongoDB by 236.2% during the 3rd quarter. Eventide Asset Management LLC now owns 289,160 shares of the company’s stock worth $57,416,000 after acquiring an additional 203,160 shares in the last quarter. Wellington Management Group LLP raised its position in shares of MongoDB by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 672,545 shares of the company’s stock worth $298,334,000 after purchasing an additional 140,260 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after purchasing an additional 121,201 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.
MongoDB Stock Performance
Shares of NASDAQ MDB traded up $2.97 during midday trading on Friday, hitting $240.22. 540,550 shares of the company’s stock were exchanged, compared to its average volume of 1,633,285. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.80 and a current ratio of 3.80. The stock’s 50 day moving average price is $219.30 and its 200-day moving average price is $199.28. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $390.84.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings data on Wednesday, March 8th. The company reported ($0.98) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.18) by $0.20. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. The business had revenue of $361.31 million during the quarter, compared to the consensus estimate of $335.84 million. As a group, equities analysts anticipate that MongoDB, Inc. will post -4.04 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 14,095 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total transaction of $2,916,960.25. Following the sale, the director now owns 1,227,954 shares of the company’s stock, valued at $254,125,080.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 14,095 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total value of $2,916,960.25. Following the transaction, the director now owns 1,227,954 shares of the company’s stock, valued at $254,125,080.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $207.86, for a total value of $8,314,400.00. Following the completion of the transaction, the chief executive officer now directly owns 190,264 shares in the company, valued at approximately $39,548,275.04. The disclosure for this sale can be found here. Insiders have sold a total of 114,901 shares of company stock valued at $25,096,177 over the last quarter. Corporate insiders own 5.70% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on MDB shares. Piper Sandler restated an “overweight” rating and set a $270.00 price objective on shares of MongoDB in a report on Thursday, March 9th. JMP Securities raised their price objective on MongoDB from $215.00 to $245.00 and gave the company a “market outperform” rating in a research report on Thursday, March 9th. Credit Suisse Group dropped their target price on MongoDB from $305.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 10th. Morgan Stanley raised MongoDB from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $230.00 to $270.00 in a research report on Wednesday, April 12th. Finally, Truist Financial dropped their target price on MongoDB from $300.00 to $235.00 in a research report on Monday, January 9th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.00.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
See Also
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Article originally posted on mongodb google news. Visit mongodb google news