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GAM Holding AG decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 46.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,339 shares of the company’s stock after selling 14,357 shares during the quarter. GAM Holding AG’s holdings in MongoDB were worth $5,651,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at approximately $26,000. KB Financial Partners LLC purchased a new stake in shares of MongoDB during the 2nd quarter worth $27,000. Capital Advisors Ltd. LLC grew its stake in shares of MongoDB by 131.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Bessemer Group Inc. acquired a new position in shares of MongoDB during the 4th quarter worth $29,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.
MongoDB Price Performance
MDB stock opened at $407.48 on Friday. The firm has a market cap of $29.41 billion, a P/E ratio of -154.35 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. MongoDB, Inc. has a 1 year low of $164.59 and a 1 year high of $442.84. The stock has a 50-day simple moving average of $382.80 and a 200-day simple moving average of $379.63.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. During the same quarter last year, the company earned ($1.23) earnings per share. MongoDB’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts predict that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CAO Thomas Bull sold 518 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $342.41, for a total value of $177,368.38. Following the transaction, the chief accounting officer now owns 16,672 shares in the company, valued at $5,708,659.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Thomas Bull sold 518 shares of MongoDB stock in a transaction 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 completion of the sale, the chief accounting officer now owns 16,672 shares in the company, valued at $5,708,659.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dev Ittycheria sold 134,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total transaction of $43,844,800.00. Following the transaction, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at $71,357,412. The disclosure for this sale can be found here. Insiders have sold 298,337 shares of company stock valued at $106,126,741 in the last quarter. Company insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
MDB has been the subject of a number of research analyst reports. Argus increased their target price on shares of MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Scotiabank started coverage on MongoDB in a report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price on the stock. Needham & Company LLC boosted their price target on MongoDB from $445.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Canaccord Genuity Group upped their price objective on MongoDB from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Finally, Macquarie boosted their target price on shares of MongoDB from $434.00 to $456.00 in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.44.
View Our Latest Analysis on MDB
MongoDB Company 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.
See Also
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).
<img src="https://mobilemonitoringsolutions.com/wp-content/uploads/2021/12/SECFilingChart.ashx" alt="Institutional Ownership by Quarter for MongoDB NASDAQ: MDB” width=”650″ height=”350″ loading=”lazy”>
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