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Foundations Investment Advisors LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free 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:MDB – Get 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
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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Article originally posted on mongodb google news. Visit mongodb google news