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Cwm LLC lifted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,113 shares of the company’s stock after buying an additional 219 shares during the quarter. Cwm LLC’s holdings in MongoDB were worth $778,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in MongoDB during the fourth quarter worth $25,000. YHB Investment Advisors Inc. acquired a new position in MongoDB during the first quarter worth $41,000. GAMMA Investing LLC acquired a new position in MongoDB during the fourth quarter worth $50,000. Sunbelt Securities Inc. raised its holdings in MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new position in MongoDB during the fourth quarter worth $61,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Price Performance
MDB stock opened at $234.90 on Monday. The stock has a 50-day moving average price of $241.17 and a two-hundred day moving average price of $334.58. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The company has a market cap of $17.23 billion, a PE ratio of -83.59 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. As a group, research analysts predict that MongoDB, Inc. will post -2.67 EPS for the current year.
Insider Transactions at MongoDB
In other news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total value of $468,480.00. Following the completion of the sale, the director now owns 1,146,784 shares of the company’s stock, valued at $268,622,684.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total value of $468,480.00. Following the completion of the transaction, the director now owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The disclosure for this sale can be found here. Insiders sold 30,179 shares of company stock valued at $7,368,989 over the last quarter. Company insiders own 3.60% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Bank of America cut their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, May 17th. Guggenheim raised MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Truist Financial cut their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Canaccord Genuity Group cut their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.74.
View Our Latest Stock Report on MongoDB
About MongoDB
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.
Further Reading
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:MDB – Free Report).
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