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CI Investments Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 126.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186 shares of the company’s stock after acquiring an additional 104 shares during the quarter. CI Investments Inc.’s holdings in MongoDB were worth $37,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in MDB. Lindbrook Capital LLC lifted its holdings in MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of MongoDB in the fourth quarter worth about $36,000. Huntington National Bank boosted its position in MongoDB by 1,468.8% during the third quarter. Huntington National Bank now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 235 shares during the last quarter. Quent Capital LLC grew its stake in MongoDB by 372.9% during the 4th quarter. Quent Capital LLC now owns 402 shares of the company’s stock valued at $79,000 after acquiring an additional 317 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in MongoDB by 951.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 410 shares of the company’s stock valued at $81,000 after acquiring an additional 371 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at MongoDB
In related news, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 14,095 shares of MongoDB stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total value of $2,916,960.25. Following the sale, the director now owns 1,227,954 shares in the company, valued at approximately $254,125,080.30. The disclosure for this sale can be found here. Insiders have sold a total of 135,108 shares of company stock worth $30,127,927 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.
MongoDB Trading Down 0.5 %
Shares of NASDAQ MDB opened at $283.36 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.80 and a current ratio of 3.80. The stock’s 50-day moving average is $238.04 and its two-hundred day moving average is $210.45. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $390.84.
MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The company reported ($0.98) EPS for the quarter, topping the consensus estimate of ($1.18) by $0.20. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. The company had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $335.84 million. Analysts anticipate that MongoDB, Inc. will post -4.04 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on MDB. KeyCorp boosted their target price on MongoDB from $229.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Sanford C. Bernstein assumed coverage on MongoDB in a research note on Friday, February 17th. They issued an “outperform” rating and a $282.00 target price for the company. Needham & Company LLC boosted their price target on shares of MongoDB from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, March 9th. Barclays raised their price objective on shares of MongoDB from $257.00 to $280.00 in a research report on Monday, May 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $235.00 target price on shares of MongoDB in a report on Thursday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $257.22.
MongoDB Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
Further Reading
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