Fort Washington Investment Advisors Inc. OH Buys Shares of 2,720 MongoDB, Inc. (NASDAQ:MDB)
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Fort Washington Investment Advisors Inc. OH bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,720 shares of the company’s stock, valued at approximately $477,000.
Several other hedge funds have also recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB during the fourth quarter worth about $29,000. NCP Inc. acquired a new stake in shares of MongoDB during the fourth quarter worth about $35,000. Coppell Advisory Solutions LLC raised its position in shares of MongoDB by 364.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after purchasing an additional 182 shares during the period. Smartleaf Asset Management LLC raised its position in shares of MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after purchasing an additional 134 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of MongoDB by 57.4% during the fourth quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.
Wall Street Analysts Forecast Growth
MDB has been the topic of a number of research analyst reports. Scotiabank raised their price target on MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Daiwa America raised MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Finally, Morgan Stanley dropped their price target on MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.47.
Get Our Latest Stock Analysis on MongoDB
MongoDB Stock Down 2.4%
MDB stock opened at $205.63 on Friday. The business has a 50 day moving average price of $180.65 and a two-hundred day moving average price of $227.04. The company has a market cap of $16.69 billion, a price-to-earnings ratio of -75.05 and a beta of 1.39. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 301 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total value of $205,260.75. Following the sale, the director now directly owns 19,333 shares of the company’s stock, valued at approximately $3,377,281.77. The trade was a 5.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,208 shares of company stock worth $10,167,739. 3.10% of the stock is owned by company 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.
Further Reading
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
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