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Exchange Traded Concepts LLC Increases Position in MongoDB, Inc. (NASDAQ:MDB)

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Exchange Traded Concepts LLC lifted its position in MongoDB, Inc. (NASDAQ:MDBGet Rating) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320 shares of the company’s stock after purchasing an additional 82 shares during the period. Exchange Traded Concepts LLC’s holdings in MongoDB were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. John W. Brooker & Co. CPAs purchased a new position in MongoDB during the second quarter valued at $26,000. Prentice Wealth Management LLC purchased a new position in MongoDB during the second quarter valued at $26,000. Venture Visionary Partners LLC purchased a new position in MongoDB during the second quarter valued at $28,000. FNY Investment Advisers LLC purchased a new position in MongoDB during the second quarter valued at $41,000. Finally, UMB Bank n.a. grew its stake in MongoDB by 422.6% during the second quarter. UMB Bank n.a. now owns 162 shares of the company’s stock valued at $42,000 after acquiring an additional 131 shares in the last quarter. 84.86% of the stock is owned by hedge funds and other institutional investors.

MongoDB Trading Down 2.1 %

Shares of MDB opened at $196.17 on Friday. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $570.58. The company has a 50-day moving average of $173.60 and a 200 day moving average of $241.15. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of -36.53 and a beta of 1.02. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Redburn Partners raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 18th. Credit Suisse Group dropped their price objective on shares of MongoDB from $400.00 to $305.00 and set an “outperform” rating for the company in a research note on Wednesday, December 7th. KeyCorp assumed coverage on shares of MongoDB in a research note on Monday, November 21st. They issued an “overweight” rating and a $215.00 price objective for the company. Citigroup lifted their price objective on shares of MongoDB from $295.00 to $300.00 in a research note on Wednesday, December 7th. Finally, JMP Securities raised shares of MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 price objective for the company in a research note on Wednesday, December 7th. Three investment analysts have rated the stock with a hold rating and nineteen have issued 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 a consensus target price of $270.00.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now owns 7,674 shares of the company’s stock, valued at approximately $1,601,180.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 40,107 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $199.87, for a total transaction of $8,016,186.09. Following the transaction, the chief executive officer now owns 194,646 shares of the company’s stock, valued at approximately $38,903,896.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now directly owns 7,674 shares in the company, valued at approximately $1,601,180.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,846 shares of company stock valued at $11,956,703. Company insiders own 5.70% of the company’s stock.

MongoDB Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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