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Daiwa Securities Group Inc. increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,724 shares of the company’s stock after acquiring an additional 93 shares during the quarter. Daiwa Securities Group Inc.’s holdings in MongoDB were worth $1,980,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. AIA Group Ltd purchased a new position in MongoDB in the third quarter valued at approximately $1,141,000. Wealthfront Advisers LLC lifted its position in shares of MongoDB by 13.4% during the 3rd quarter. Wealthfront Advisers LLC now owns 4,004 shares of the company’s stock valued at $1,385,000 after buying an additional 472 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of MongoDB during the 3rd quarter worth $702,000. Teacher Retirement System of Texas increased its holdings in MongoDB by 3.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 5,469 shares of the company’s stock worth $1,892,000 after acquiring an additional 173 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new stake in MongoDB in the 3rd quarter valued at about $415,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Insider Activity
In related news, CEO Dev Ittycheria sold 100,500 shares of MongoDB stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total value of $37,687,500.00. Following the transaction, the chief executive officer now directly 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, CFO Michael Lawrence Gordon sold 21,496 shares of MongoDB stock in a transaction on Monday, November 20th. The shares were sold at an average price of $410.32, for a total value of $8,820,238.72. Following the sale, the chief financial officer now owns 89,027 shares in the company, valued at $36,529,558.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 100,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the transaction, the chief executive officer now directly owns 214,177 shares in the company, valued at $80,316,375. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,277 shares of company stock valued at $56,803,711. 4.80% of the stock is currently owned by company insiders.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $413.42 on Tuesday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average is $401.48 and its 200 day moving average is $380.52. MongoDB, Inc. has a 52 week low of $179.52 and a 52 week high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.23) earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
Analysts Set New Price Targets
MDB has been the subject of several recent research reports. Mizuho lifted their target price on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. UBS Group reiterated a “neutral” rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Piper Sandler increased their target price on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Needham & Company LLC reiterated a “buy” rating and issued a $495.00 price target on shares of MongoDB in a research report on Wednesday, January 17th. Finally, Scotiabank began coverage on MongoDB in a report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $430.41.
Check Out Our Latest Analysis on MongoDB
MongoDB Company 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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