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First Trust Direct Indexing L.P. reduced its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,405 shares of the company’s stock after selling 273 shares during the period. First Trust Direct Indexing L.P.’s holdings in MongoDB were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. purchased a new position in MongoDB during the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MongoDB during the fourth quarter valued at about $30,000. Lindbrook Capital LLC increased its position in shares of MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of MongoDB during the fourth quarter valued at about $36,000. Finally, CI Investments Inc. increased its position in shares of MongoDB by 126.8% during the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after acquiring an additional 104 shares during the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.
MongoDB Trading Down 2.1 %
Shares of NASDAQ:MDB opened at $398.68 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $418.70. The firm has a 50 day simple moving average of $346.49 and a 200-day simple moving average of $260.43.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.15) EPS. On average, research analysts expect that MongoDB, Inc. will post -2.8 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on MDB shares. Capital One Financial started coverage on shares of MongoDB in a research report on Monday, June 26th. They set an “equal weight” rating and a $396.00 price target for the company. Morgan Stanley lifted their price objective on shares of MongoDB from $270.00 to $440.00 in a report on Friday, June 23rd. Oppenheimer lifted their price objective on shares of MongoDB from $270.00 to $430.00 in a report on Friday, June 2nd. JMP Securities lifted their price objective on shares of MongoDB from $245.00 to $370.00 in a report on Friday, June 2nd. Finally, William Blair restated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $366.59.
Insider Activity at MongoDB
In related news, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the sale, the chief accounting officer now owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the sale, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 516 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.78, for a total transaction of $209,898.48. Following the completion of the transaction, the chief accounting officer now directly owns 17,190 shares in the company, valued at $6,992,548.20. The disclosure for this sale can be found here. Insiders sold a total of 117,427 shares of company stock worth $41,364,961 in the last 90 days. 4.80% of the stock is owned by insiders.
MongoDB 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.
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