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Daiwa Securities Group Inc. raised its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,191 shares of the company’s stock after purchasing an additional 563 shares during the quarter. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $2,297,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of MongoDB in the fourth quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the second quarter valued at $25,000. J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of MongoDB during the 2nd quarter worth about $35,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of MongoDB in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $290.09 on Friday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of -103.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company’s 50 day simple moving average is $255.85 and its 200 day simple moving average is $304.22.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the business posted ($0.63) EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
Insider Buying and Selling at MongoDB
In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. The disclosure for this sale can be found here. Insiders have sold a total of 33,179 shares of company stock worth $8,346,169 over the last 90 days. Insiders own 3.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on MDB. Royal Bank of Canada reissued an “outperform” rating and set a $350.00 price target on shares of MongoDB in a research report on Friday, August 30th. Barclays dropped their price target on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Sanford C. Bernstein upped their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Citigroup raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $337.56.
Get Our Latest Stock Analysis on MongoDB
MongoDB Company Profile
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.
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