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Foundations Investment Advisors LLC Invests $203000 in MongoDB, Inc. (NASDAQ:MDB)

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Posted on mongodb google news. Visit mongodb google news

Foundations Investment Advisors LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 587 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after purchasing an additional 897,911 shares during the last quarter. Vanguard Group Inc. increased its holdings in MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after buying an additional 121,201 shares in the last quarter. Jennison Associates LLC increased its holdings in MongoDB by 101,056.3% in the second quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after buying an additional 1,986,767 shares in the last quarter. State Street Corp increased its holdings in MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after buying an additional 24,595 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Insider Activity

In other news, CAO Thomas Bull sold 518 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $342.41, for a total value of $177,368.38. Following the sale, the chief accounting officer now directly owns 16,672 shares of the company’s stock, valued at approximately $5,708,659.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Lawrence Gordon sold 7,394 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $345.20, for a total transaction of $2,552,408.80. Following the sale, the chief financial officer now directly owns 99,469 shares of the company’s stock, valued at approximately $34,336,698.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 518 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $342.41, for a total transaction of $177,368.38. Following the sale, the chief accounting officer now directly owns 16,672 shares in the company, valued at $5,708,659.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 298,337 shares of company stock valued at $106,126,741. Company insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MDB shares. Bank of America started coverage on shares of MongoDB in a report on Thursday, October 12th. They issued a “buy” rating and a $450.00 price objective for the company. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $424.00 to $471.00 in a report on Sunday, September 3rd. Barclays lifted their price objective on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Oppenheimer boosted their target price on shares of MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, September 1st. Finally, Mizuho boosted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $432.44.

Check Out Our Latest Report on MongoDB

MongoDB Stock Performance

NASDAQ:MDB opened at $409.78 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The firm has a market capitalization of $29.58 billion, a price-to-earnings ratio of -155.22 and a beta of 1.19. The company’s 50-day moving average is $380.03 and its two-hundred day moving average is $379.13. MongoDB, Inc. has a 1-year low of $164.59 and a 1-year high of $442.84.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. MongoDB’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.23) EPS. Analysts forecast that MongoDB, Inc. will post -1.64 EPS for the current year.

About MongoDB

(Free Report)

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.

Read More

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:MDBFree Report).

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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