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IFP Advisors Inc reduced its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 33.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,232 shares of the company’s stock after selling 622 shares during the period. IFP Advisors Inc’s holdings in MongoDB were worth $57,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after purchasing an additional 121,201 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of MongoDB by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock worth $386,313,000 after purchasing an additional 118,055 shares in the last quarter. State Street Corp grew its holdings in shares of MongoDB by 1.8% during the 3rd quarter. State Street Corp now owns 1,349,260 shares of the company’s stock worth $267,909,000 after purchasing an additional 23,846 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of MongoDB by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 931,748 shares of the company’s stock worth $183,193,000 after purchasing an additional 39,741 shares in the last quarter. 89.22% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $240.00, for a total transaction of $480,000.00. Following the transaction, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $240.00, for a total transaction of $480,000.00. Following the sale, the director now owns 1,223,954 shares of the company’s stock, valued at approximately $293,748,960. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mark Porter sold 2,734 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $412.33, for a total value of $1,127,310.22. Following the transaction, the chief technology officer now directly owns 35,056 shares of the company’s stock, valued at $14,454,640.48. The disclosure for this sale can be found here. Insiders have sold a total of 117,427 shares of company stock worth $41,364,961 in the last 90 days. Company insiders own 4.80% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Stifel Nicolaus boosted their price target on MongoDB from $375.00 to $420.00 in a research note on Friday, June 23rd. Sanford C. Bernstein boosted their price target on MongoDB from $257.00 to $424.00 in a research note on Monday, June 5th. Morgan Stanley boosted their price target on MongoDB from $270.00 to $440.00 in a research note on Friday, June 23rd. Finally, JMP Securities boosted their price target on MongoDB from $245.00 to $370.00 in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $366.59.
MongoDB Trading Up 4.1 %
NASDAQ MDB opened at $407.21 on Friday. The stock has a 50-day simple moving average of $343.34 and a 200 day simple moving average of $258.04. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $418.70. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $28.74 billion, a PE ratio of -87.20 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for 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%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.15) earnings per share. Research analysts forecast that MongoDB, Inc. will post -2.8 EPS for the current year.
About MongoDB
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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