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Charles Schwab Investment Management Inc. raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,683 shares of the company’s stock after purchasing an additional 2,277 shares during the period. Charles Schwab Investment Management Inc. owned 0.33% of MongoDB worth $82,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blueshift Asset Management LLC purchased a new stake in MongoDB during the third quarter valued at approximately $902,000. Tanager Wealth Management LLP purchased a new stake in shares of MongoDB in the third quarter worth approximately $316,000. Banque Cantonale Vaudoise raised its holdings in shares of MongoDB by 10.4% in the third quarter. Banque Cantonale Vaudoise now owns 1,374 shares of the company’s stock worth $476,000 after buying an additional 129 shares during the period. Amalgamated Bank raised its holdings in shares of MongoDB by 4.7% in the third quarter. Amalgamated Bank now owns 7,548 shares of the company’s stock worth $2,611,000 after buying an additional 340 shares during the period. Finally, Western Wealth Management LLC raised its holdings in shares of MongoDB by 160.7% in the third quarter. Western Wealth Management LLC now owns 2,620 shares of the company’s stock worth $906,000 after buying an additional 1,615 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MDB has been the topic of several recent analyst reports. Mizuho increased their price target on MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, December 6th. KeyCorp reduced their price target on MongoDB from $495.00 to $440.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Wells Fargo & Company started coverage on MongoDB in a research report on Thursday, November 16th. They set an “overweight” rating and a $500.00 target price for the company. Royal Bank of Canada lifted their target price on MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. Finally, Capital One Financial raised MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price for the company in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $429.50.
Read Our Latest Analysis on MongoDB
Insider Activity
In other news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The disclosure for this sale can be found here. Insiders sold a total of 81,777 shares of company stock valued at $33,554,031 in the last quarter. 4.80% of the stock is currently owned by company insiders.
MongoDB Stock Performance
MongoDB stock opened at $500.90 on Monday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The business’s 50-day simple moving average is $408.06 and its two-hundred day simple moving average is $382.88. MongoDB, Inc. has a fifty-two week low of $189.59 and a fifty-two week high of $507.25.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.23) EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.63 EPS for the current year.
About MongoDB
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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