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Commonwealth Equity Services LLC decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 40.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,611 shares of the company’s stock after selling 7,832 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MongoDB were worth $4,016,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Atika Capital Management LLC lifted its position in MongoDB by 5.3% in the second quarter. Atika Capital Management LLC now owns 31,500 shares of the company’s stock valued at $12,946,000 after purchasing an additional 1,575 shares during the period. Raymond James & Associates boosted its position in MongoDB by 227.2% during the 2nd quarter. Raymond James & Associates now owns 39,361 shares of the company’s stock worth $16,177,000 after purchasing an additional 27,331 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in MongoDB in the 2nd quarter worth $6,704,000. American Trust acquired a new position in MongoDB in the 2nd quarter worth $349,000. Finally, Empower Advisory Group LLC acquired a new position in MongoDB in the 1st quarter worth $7,302,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Insider Activity
In other MongoDB news, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the completion of the sale, the chief executive officer now owns 214,177 shares of the company’s stock, valued at $80,316,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Dev Ittycheria sold 100,500 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the completion of the sale, the chief executive officer now owns 214,177 shares of the company’s stock, valued at $80,316,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 359 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The disclosure for this sale can be found here. Insiders have sold a total of 147,029 shares of company stock worth $56,304,511 over the last ninety days. Company insiders own 4.80% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on MDB shares. Bank of America started coverage on shares of MongoDB in a research note on Thursday, October 12th. They issued a “buy” rating and a $450.00 target price on the stock. Piper Sandler upped their target price on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Tigress Financial upped their target price on shares of MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a research note on Friday, October 6th. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $430.41.
View Our Latest Stock Analysis on MongoDB
MongoDB Stock Down 0.1 %
NASDAQ:MDB opened at $392.60 on Friday. The firm’s 50 day simple moving average is $396.26 and its 200 day simple moving average is $380.90. The company has a market cap of $28.34 billion, a PE ratio of -148.71 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB, Inc. has a one year low of $179.52 and a one year high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. MongoDB’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.23) EPS. On average, research analysts anticipate that MongoDB, Inc. will post -1.64 earnings per share for the current year.
MongoDB Profile
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.
See Also
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