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Ieq Capital LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,485 shares of the company’s stock after purchasing an additional 34 shares during the quarter. Ieq Capital LLC’s holdings in MongoDB were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. American International Group Inc. raised its position in shares of MongoDB by 8.9% during the 3rd quarter. American International Group Inc. now owns 1,218 shares of the company’s stock valued at $574,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of MongoDB by 25.4% during the 4th quarter. State of Alaska Department of Revenue now owns 3,195 shares of the company’s stock valued at $1,691,000 after buying an additional 648 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of MongoDB by 11.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 21,944 shares of the company’s stock valued at $11,623,000 after buying an additional 2,297 shares in the last quarter. Vista Wealth Management Group LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at about $3,870,000. Finally, Caliber Wealth Management LLC raised its position in shares of MongoDB by 4.6% during the 4th quarter. Caliber Wealth Management LLC now owns 4,766 shares of the company’s stock valued at $1,892,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

In other news, insider Thomas Bull sold 489 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total transaction of $129,316.05. Following the transaction, the insider now directly owns 17,104 shares in the company, valued at $4,523,152.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 2,704 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $264.47, for a total transaction of $715,126.88. Following the transaction, the chief financial officer now owns 93,132 shares in the company, valued at $24,630,620.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,597 shares of company stock worth $23,412,579. Insiders own 5.70% of the company’s stock.

Shares of MDB stock opened at $314.16 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. The company has a market capitalization of $21.40 billion, a P/E ratio of -64.91 and a beta of 0.91. The company’s 50-day simple moving average is $271.34 and its two-hundred day simple moving average is $357.42. MongoDB, Inc. has a one year low of $213.39 and a one year high of $590.00.

MongoDB (NASDAQ:MDB – Get Rating) last issued its earnings results on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. The business had revenue of $285.45 million for the quarter, compared to the consensus estimate of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.98) EPS. On average, research analysts expect that MongoDB, Inc. will post -5.09 EPS for the current fiscal year.

Several analysts have recently issued reports on MDB shares. Royal Bank of Canada upped their target price on shares of MongoDB from $325.00 to $375.00 in a research report on Thursday, June 9th. Credit Suisse Group decreased their target price on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. Redburn Partners started coverage on shares of MongoDB in a research report on Wednesday, June 29th. They issued a “sell” rating and a $190.00 price objective on the stock. Canaccord Genuity Group reduced their price objective on shares of MongoDB from $400.00 to $300.00 in a research report on Thursday, June 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of MongoDB from $425.00 to $340.00 in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $406.82.

MongoDB Company Profile (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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