Kovack Advisors Inc. Sells 563 Shares of MongoDB, Inc. (NASDAQ:MDB) - Defense World

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Kovack Advisors Inc. Sells 563 Shares of MongoDB, Inc. (NASDAQ:MDB) – Defense World

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Kovack Advisors Inc. reduced its stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,576 shares of the company’s stock after selling 563 shares during the quarter. Kovack Advisors Inc.’s holdings in MongoDB were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. 1832 Asset Management L.P. raised its holdings in MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after acquiring an additional 1,017,969 shares during the period. Renaissance Technologies LLC raised its holdings in MongoDB by 493.2% during the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after acquiring an additional 763,400 shares during the period. Norges Bank bought a new stake in MongoDB during the fourth quarter valued at about $147,735,000. William Blair Investment Management LLC raised its holdings in MongoDB by 2,354.2% during the fourth quarter. William Blair Investment Management LLC now owns 387,366 shares of the company’s stock valued at $76,249,000 after acquiring an additional 371,582 shares during the period. Finally, Marshall Wace LLP raised its holdings in MongoDB by 87.4% during the third quarter. Marshall Wace LLP now owns 696,998 shares of the company’s stock valued at $138,396,000 after acquiring an additional 325,136 shares during the period. 84.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on MDB shares. William Blair reissued an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Barclays lifted their target price on MongoDB from $280.00 to $374.00 in a report on Friday, June 2nd. Credit Suisse Group reduced their target price on MongoDB from $305.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 10th. JMP Securities lifted their target price on MongoDB from $245.00 to $370.00 in a report on Friday, June 2nd. Finally, Wedbush reduced their target price on MongoDB from $240.00 to $230.00 in a report on Thursday, March 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.35.

Insider Activity

In other news, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total transaction of $138,145.70. Following the completion of the sale, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Cedric Pech sold 720 shares of MongoDB stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $164,397.60. Following the completion of the sale, the executive now owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,682 shares of company stock valued at $26,516,196. Corporate insiders own 4.80% of the company’s stock.

MongoDB Stock Down 1.4 %

Shares of NASDAQ:MDB opened at $379.90 on Friday. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $398.89. The business has a 50 day simple moving average of $279.41 and a two-hundred day simple moving average of $230.20. The firm has a market capitalization of $26.61 billion, a PE ratio of -81.35 and a beta of 1.04. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19.

MongoDB (NASDAQ:MDB – Get Rating) last announced its earnings results 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. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same quarter in the previous year, the business earned ($1.15) earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, equities analysts predict that MongoDB, Inc. will post -2.85 EPS for the current year.

MongoDB Profile

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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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