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Canada Pension Plan Investment Board trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 34.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,277 shares of the company’s stock after selling 2,207 shares during the period. Canada Pension Plan Investment Board’s holdings in MongoDB were worth $1,069,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of MDB. Dimensional Fund Advisors LP raised its holdings in shares of MongoDB by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,696 shares of the company’s stock worth $37,495,000 after buying an additional 2,476 shares in the last quarter. US Bancorp DE lifted its holdings in shares of MongoDB by 8.5% in the fourth quarter. US Bancorp DE now owns 4,147 shares of the company’s stock worth $1,696,000 after acquiring an additional 326 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of MongoDB by 99.6% in the 4th quarter. Hsbc Holdings PLC now owns 42,607 shares of the company’s stock valued at $17,523,000 after purchasing an additional 21,264 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of MongoDB by 5.7% during the 4th quarter. Stifel Financial Corp now owns 68,452 shares of the company’s stock valued at $27,987,000 after purchasing an additional 3,707 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in MongoDB by 17.5% during the 4th quarter. Allianz Asset Management GmbH now owns 9,258 shares of the company’s stock worth $3,785,000 after purchasing an additional 1,379 shares in the last quarter. 89.29% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MDB has been the subject of several research analyst reports. Robert W. Baird lowered their price target on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 31st. JMP Securities reiterated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research report on Friday, August 30th. Mizuho boosted their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Sanford C. Bernstein raised their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, DA Davidson boosted their target price on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $337.56.
Check Out Our Latest Report on MDB
MongoDB Price Performance
MDB stock opened at $269.53 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company’s 50-day moving average is $260.86 and its 200-day moving average is $295.21. The stock has a market capitalization of $19.77 billion, a PE ratio of -95.92 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.63) earnings per share. Equities research analysts expect that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now directly owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the sale, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,005 shares of company stock worth $5,557,746. 3.60% of the stock is owned by corporate insiders.
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.
Further Reading
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