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Brown Advisory Inc. Has $497000 Stock Position in MongoDB, Inc. (NASDAQ:MDB)

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Posted on mongodb google news. Visit mongodb google news

Brown Advisory Inc. increased its holdings in MongoDB, Inc. (NASDAQ:MDBGet Rating) by 67.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,121 shares of the company’s stock after acquiring an additional 450 shares during the period. Brown Advisory Inc.’s holdings in MongoDB were worth $497,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Confluence Wealth Services Inc. purchased a new position in MongoDB during the 4th quarter worth $25,000. Bank of New Hampshire bought a new stake in MongoDB in the 1st quarter worth about $25,000. Covestor Ltd purchased a new stake in MongoDB in the 4th quarter valued at about $43,000. Montag A & Associates Inc. lifted its position in shares of MongoDB by 200.0% during the 4th quarter. Montag A & Associates Inc. now owns 108 shares of the company’s stock worth $57,000 after buying an additional 72 shares in the last quarter. Finally, Nauset Wealth Management. LLC purchased a new position in shares of MongoDB in the 1st quarter worth approximately $89,000. Institutional investors own 88.70% of the company’s stock.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the completion of the transaction, the director now directly owns 544,896 shares in the company, valued at $137,172,119.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Mark Porter sold 1,520 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $325.00, for a total value of $494,000.00. Following the completion of the sale, the chief technology officer now owns 29,121 shares of the company’s stock, valued at approximately $9,464,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $251.74, for a total transaction of $755,220.00. Following the completion of the transaction, the director now owns 544,896 shares in the company, valued at approximately $137,172,119.04. The disclosure for this sale can be found here. Insiders have sold 43,795 shares of company stock valued at $12,357,981 in the last quarter. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price target on MongoDB from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, June 10th. Barclays boosted their price target on shares of MongoDB from $330.00 to $338.00 and gave the stock an “overweight” rating in a report on Thursday, June 2nd. Citigroup raised their price objective on shares of MongoDB from $405.00 to $425.00 in a report on Thursday, June 2nd. Stifel Nicolaus dropped their target price on shares of MongoDB from $425.00 to $340.00 in a research note on Thursday, June 2nd. Finally, UBS Group raised their price target on shares of MongoDB from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $401.17.

MongoDB Trading Up 2.8 %

MongoDB stock opened at $379.10 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. MongoDB, Inc. has a fifty-two week low of $213.39 and a fifty-two week high of $590.00. The stock has a market cap of $25.82 billion, a P/E ratio of -78.33 and a beta of 0.96. The firm’s fifty day moving average price is $296.97 and its 200-day moving average price is $336.05.

MongoDB (NASDAQ:MDBGet Rating) last released its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, beating the consensus estimate of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The firm had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. During the same quarter last year, the firm posted ($0.98) EPS. The company’s revenue was up 57.1% compared to the same quarter last year. Equities research analysts forecast that MongoDB, Inc. will post -5.08 earnings per share for the current fiscal year.

MongoDB Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBGet Rating).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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