MMS • RSS
Harbor Capital Advisors Inc. lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 63.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,301 shares of the company’s stock after selling 2,226 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in MongoDB were worth $303,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank increased its position in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Quarry LP boosted its stake in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter worth about $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.
MongoDB Price Performance
MDB traded up $7.40 on Wednesday, hitting $249.81. 121,113 shares of the stock were exchanged, compared to its average volume of 1,432,734. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of -91.17 and a beta of 1.25. The business has a 50-day moving average of $280.67 and a two-hundred day moving average of $269.51.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on MDB shares. Rosenblatt Securities started coverage on MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective for the company. Stifel Nicolaus raised their price target on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Tigress Financial boosted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a report on Monday, December 16th. Finally, Mizuho lifted their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $364.64.
View Our Latest Report on MongoDB
Insider Transactions at MongoDB
In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,776 shares of company stock worth $6,577,625 over the last three months. 3.60% of the stock is owned by company insiders.
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.
Featured Articles
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You’d need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.