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Chartwell Investment Partners LLC Acquires New Position in MongoDB, Inc. (NASDAQ:MDB)

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Chartwell Investment Partners LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDBGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,540 shares of the company’s stock, valued at approximately $2,014,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Confluence Wealth Services Inc. acquired a new stake in MongoDB in the fourth quarter worth $25,000. Bank of New Hampshire acquired a new stake in MongoDB in the first quarter worth $25,000. HBC Financial Services PLLC raised its holdings in MongoDB by 3,233.3% in the fourth quarter. HBC Financial Services PLLC now owns 400 shares of the company’s stock worth $39,000 after purchasing an additional 388 shares during the period. Covestor Ltd acquired a new stake in MongoDB in the fourth quarter worth $43,000. Finally, Montag A & Associates Inc. raised its holdings in MongoDB by 200.0% in the fourth quarter. Montag A & Associates Inc. now owns 108 shares of the company’s stock worth $57,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

MongoDB stock opened at $314.16 on Monday. The company has a market cap of $21.40 billion, a P/E ratio of -64.91 and a beta of 0.91. MongoDB, Inc. has a 1-year low of $213.39 and a 1-year high of $590.00. The company has a fifty day simple moving average of $271.34 and a 200 day simple moving average of $357.42. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 1.69.

MongoDB (NASDAQ:MDBGet Rating) last announced its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, beating analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company had revenue of $285.45 million during the quarter, compared to the consensus estimate of $267.10 million. During the same quarter last year, the firm posted ($0.98) EPS. The company’s quarterly revenue was up 57.1% on a year-over-year basis. On average, equities research analysts forecast that MongoDB, Inc. will post -5.09 EPS for the current year.

Several research firms have weighed in on MDB. Royal Bank of Canada increased their target price on shares of MongoDB from $325.00 to $375.00 in a report on Thursday, June 9th. Citigroup increased their price objective on shares of MongoDB from $405.00 to $425.00 in a research report on Thursday, June 2nd. Oppenheimer lowered their price objective on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. UBS Group increased their price objective on shares of MongoDB from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Finally, Credit Suisse Group lowered their price objective on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $406.82.

In other news, CRO Cedric Pech sold 350 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $264.46, for a total transaction of $92,561.00. Following the completion of the sale, the executive now owns 45,785 shares in the company, valued at approximately $12,108,301.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 35,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $321.10, for a total transaction of $11,238,500.00. Following the sale, the chief executive officer now owns 204,744 shares of the company’s stock, valued at approximately $65,743,298.40. The disclosure for this sale can be found here. In the last three months, insiders sold 76,597 shares of company stock valued at $23,412,579. Insiders own 5.70% of the company’s stock.

About MongoDB (Get Rating)

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.

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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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