Fulton Bank N.A. Buys New Position in MongoDB, Inc. (NASDAQ:MDB) - Defense World

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Fulton Bank N.A. Buys New Position in MongoDB, Inc. (NASDAQ:MDB) – Defense World

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Fulton Bank N.A. bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,097 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MDB. Cherry Creek Investment Advisors Inc. raised its stake in shares of MongoDB by 1.5% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after acquiring an additional 50 shares in the last quarter. Allworth Financial LP raised its stake in shares of MongoDB by 12.9% during the fourth quarter. Allworth Financial LP now owns 508 shares of the company’s stock worth $100,000 after acquiring an additional 58 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in shares of MongoDB by 7.4% during the second quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock worth $223,000 after acquiring an additional 59 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of MongoDB by 1.0% during the fourth quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock worth $1,261,000 after acquiring an additional 61 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of MongoDB by 4.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,512 shares of the company’s stock worth $298,000 after acquiring an additional 65 shares in the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $373.19, for a total value of $811,315.06. Following the completion of the transaction, the director now owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, CRO Cedric Pech sold 720 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $164,397.60. Following the completion of the transaction, the executive now owns 53,050 shares of the company’s stock, valued at approximately $12,112,906.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $373.19, for a total value of $811,315.06. Following the completion of the transaction, the director now directly owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The disclosure for this sale can be found here. Insiders sold a total of 108,856 shares of company stock valued at $27,327,511 in the last quarter. 4.80% of the stock is owned by insiders.

Analysts Set New Price Targets

MDB has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of MongoDB from $240.00 to $375.00 in a research note on Friday, June 2nd. The Goldman Sachs Group lifted their target price on shares of MongoDB from $280.00 to $420.00 in a research note on Friday, June 2nd. Needham & Company LLC lifted their target price on shares of MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. Royal Bank of Canada lifted their target price on shares of MongoDB from $235.00 to $400.00 in a research note on Friday, June 2nd. Finally, Wedbush decreased their target price on shares of MongoDB from $240.00 to $230.00 in a research note on Thursday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $328.35.

MongoDB Price Performance

MDB opened at $372.96 on Thursday. The stock has a 50-day moving average price of $289.02 and a 200-day moving average price of $235.41. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market cap of $26.12 billion, a PE ratio of -79.86 and a beta of 1.04. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $398.89.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. MongoDB’s quarterly 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. Sell-side analysts predict that MongoDB, Inc. will post -2.85 earnings per share for the current fiscal year.

MongoDB Profile

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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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