Great West Life Assurance Company Can Increases Its Investment in MongoDB, Inc. (NASDAQ:MDB)
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Great West Life Assurance Co. reportedly increased its holdings in MongoDB, Inc. (NASDAQ: MDB) during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission (SEC). The investment fund purchased 61,334 shares of the company’s stock at approximately $12,166.00. Great West Life Assurance Company of Canada held approximately 0.09% of MongoDB, as stated in its most recent filing with the SEC.
Additionally, other hedge funds have traded in and out of MDB stock in recent trading activity. The amount of MongoDB that Renaissance Technologies LLC could call it’s own increased by 833.6% during the second quarter. After acquiring an additional 464,300 shares during the most recent quarter, Renaissance Technologies LLC now owns 520,000. Each share is worth $134,940,000, and the company has a market capitalization of $134,940,000.In the second quarter, Voya Investment Management LLC saw a rise of 905.0% in the proportion of MongoDB that it owned as compared to the previous quarter. Voya Investment Management LLC now has 346,477 shares of the company’s stock, which are currently valued at $89,911,000 after purchasing an additional 312,003 shares during the most recent quarter. The company acquired these shares. Over the first three months of the year, Wellington Management Group LLP was able to amass an additional 26.4% of MongoDB shares. After making an additional purchase of 140,260 shares during the most recent quarter, Wellington Management Group LLP now has a total of 672,545, currently valued at $298,334,000. This brings the total number of shares owned by the firm to 672,545. By the end of the second quarter, Franklin Resources Inc. had accumulated 10.1% more MongoDB shares than it had at the beginning of the period. Franklin Resources Inc. now has 1,346,625 shares, thanks to the acquisition of 123,431 additional shares during the most recent fiscal quarter. The stock currently has a market value of $349,449,000. The investment management company Vanguard Group Inc., not to be outdone, increased the proportion of MongoDB stock owned by 2.1% during the first quarter of this year. Following the acquisition of 121,201 additional shares during the most recent fiscal quarter, Vanguard Group Inc. now holds 5,970,224 shares of the company’s stock in its portfolio. The value of a share of the company’s stock on the market now is $2,648,332,000. Institutional investors and hedge funds hold 84.86% of the total shares outstanding in the company.
As was mentioned in earlier news about MongoDB, Hope F. Cochran, the director of MongoDB, sold 1,175 shares of the company’s stock on December 15th. This transaction was reported in the news. The cost of purchasing all of the shares came to a total of 245,163.75 dollars, which works out to a price of 208.65 dollars per share on average. After the completion of the transaction, the director is now the direct owner of 7,674 company shares, and the total value of those shares is $1,601,180.10. You will be taken to a legal file submitted to the SEC if you click on the link we have provided, where you will find additional information regarding the sale. Other noteworthy developments include the fact that on December 15th, Director Hope F. Cochran sold a total of 1,175 shares of company stock. The cost of purchasing all of the shares came to a total of 245,163.75 dollars, which works out to a price of 208.65 dollars per share on average. The director is now the owner of 7,674 company shares, which have a combined value of $1,601,180.10 after the completion of the transaction. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. In addition, on January 3rd, 39,382 shares of the company’s stock were sold by Dev Ittycheria, the company’s Chief Executive Officer. During the sale, each share was purchased for an average price of $199.96; this resulted in a total value of the transaction equal to 7,874,824.72 dollars. Following the successful conclusion of the sale, the Chief Executive Officer (CEO) is now the owner of 190,264 company shares, the total value of which is approximately $38,045,189.44. Disclosures that are related to the sale might be found in this section of the website. Business insiders were responsible for the sale of 58,074 shares of stock during the preceding period of three months, which resulted in a total value of $11,604,647. 5.70% of the total number of shares in the company are held by people who work there.
Recent studies have concentrated on MDB, and as a result, it has been the topic of several different research projects. Mizuho lowered their price target for MongoDB from $190.00 to $170.00 in a research report published on Wednesday, December 7th. Additionally, the firm was rated “neutral” by the company. Redburn Partners changed their rating for MongoDB from “sell” to “neutral” in a research report published on Tuesday, October 18th. The report was on the company’s stock and was titled “MongoDB Research Update.” In a research note published on December 15th, Tigress Financial lowered both the “buy” rating that it had previously assigned to MongoDB and the $575.00 target price, bringing both of those numbers down to $365.00. JMP Securities raised its rating on shares of MongoDB from “market perform” to “outperform” in a research report released on Wednesday, December 7th. The firm also established a target price of $215.00 for the stock. In addition, the company mentioned that it views the stock as having a “market perform” rating. In a research note published on December 7th, Barclays increased their price objective for MongoDB from $233.00 to $240.00 and categorized the company as “overweight.” Twenty-one research analysts recommend purchasing the stock, while only three recommend keeping it in one’s portfolio. The data that Bloomberg provided indicates that the company’s current price target is $266.90, and the average investment recommendation is a “Moderate Buy.”
On Thursday, the cost of a share in MDB’s initial public offering was $200.84. The company’s price-to-earnings ratio is -37.40, and its beta value is 0.89. The company is currently valued at $13.92 billion on the market. The price of a share of MongoDB, Inc., has the potential to range anywhere from $135.15 to $471.96 over a single year. The debt-to-equity ratio stands at 1.66, the quick ratio is 4.10, and the current ratio stands at 4.10. $179.80 is the company’s moving average price over the past 50 days, and $230.34 is the company’s average price over the past 200 days.
MongoDB, Inc. is a provider of database platforms that can be used for various purposes on a global scale. The Community Server is a version of its database that can be downloaded for free and comes equipped with all of the features that developers require to begin working with MongoDB. MongoDB Enterprise Advanced, a commercial database server designed specifically for business customers, is capable of operating in the cloud, on-premises, or in a hybrid environment. The business can provide customers with all three of these products. MongoDB Atlas is a database-as-a-service solution that is hosted across multiple clouds. Community Server is a free database version that users can download.