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Exchange Traded Concepts LLC decreased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 23.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,836 shares of the company’s stock after selling 2,394 shares during the quarter. Exchange Traded Concepts LLC’s holdings in MongoDB were worth $2,118,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of MDB. Vanguard Group Inc. boosted its position in MongoDB by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after purchasing an additional 68,348 shares in the last quarter. Jennison Associates LLC boosted its position in MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Swedbank AB boosted its position in MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Champlain Investment Partners LLC boosted its position in MongoDB by 22.4% during the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after purchasing an additional 100,725 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after purchasing an additional 232,101 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Mizuho increased their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Stifel Nicolaus raised their target price on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Scotiabank raised their target price on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday, August 30th. Piper Sandler raised their target price on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Tigress Financial decreased their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $337.96.
View Our Latest Research Report on MongoDB
MongoDB Price Performance
MDB stock opened at $289.14 on Tuesday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $266.49 and a two-hundred day moving average of $286.66. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of -102.90 and a beta of 1.15.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the firm posted ($0.63) earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current year.
Insider Activity
In other news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at approximately $4,117,425. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 3,556 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $911,225.00. Following the completion of the transaction, the chief executive officer now owns 219,875 shares of the company’s stock, valued at approximately $56,342,968.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,896 shares of company stock valued at $4,187,260. 3.60% of the stock is currently owned by corporate insiders.
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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Article originally posted on mongodb google news. Visit mongodb google news