Charles Schwab Investment Management Inc. Acquires 11,439 Shares of MongoDB … – MarketBeat
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Charles Schwab Investment Management Inc. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,122 shares of the company’s stock after buying an additional 11,439 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.35% of MongoDB worth $101,854,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. AM Squared Ltd acquired a new position in MongoDB during the 3rd quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB in the third quarter valued at about $35,000. Beacon Capital Management LLC raised its position in shares of MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of MongoDB by 279.3% in the third quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after acquiring an additional 81 shares during the period. 89.29% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. Citigroup upped their price target on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research note on Friday, May 3rd. KeyCorp decreased their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Finally, Tigress Financial boosted their price target on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $443.86.
View Our Latest Stock Report on MongoDB
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the sale, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the transaction, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the sale, the chief executive officer now directly owns 226,073 shares in the company, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,802 shares of company stock valued at $16,514,071. 4.80% of the stock is owned by insiders.
MongoDB Stock Up 1.5 %
MDB stock traded up $5.42 during trading on Monday, reaching $358.89. The stock had a trading volume of 673,710 shares, compared to its average volume of 1,330,563. MongoDB, Inc. has a one year low of $264.58 and a one year high of $509.62. The company’s 50 day moving average is $362.63 and its two-hundred day moving average is $391.67. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of -142.53 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. Equities research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.
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.
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