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Kovack Advisors Inc. trimmed its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

Several other large investors have also recently made changes to their positions in MDB. Bessemer Group Inc. bought a new stake in shares of MongoDB in the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of MongoDB in the fourth quarter worth about $30,000. Lindbrook Capital LLC increased its holdings in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of MongoDB in the fourth quarter worth about $36,000. Finally, CI Investments Inc. increased its holdings in shares of MongoDB by 126.8% in the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock worth $37,000 after purchasing an additional 104 shares during the last quarter. 84.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MDB. Tigress Financial reiterated a “buy” rating and issued a $365.00 price target on shares of MongoDB in a research report on Thursday, April 20th. Royal Bank of Canada lifted their price target on MongoDB from $235.00 to $400.00 in a research report on Friday, June 2nd. The Goldman Sachs Group lifted their price target on MongoDB from $280.00 to $420.00 in a research report on Friday, June 2nd. JMP Securities lifted their price target on MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. Finally, Wedbush dropped their price target on MongoDB from $240.00 to $230.00 in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.35.

MongoDB Stock Performance

MongoDB stock opened at $379.90 on Friday. The company has a 50 day moving average price of $279.41 and a 200-day moving average price of $230.20. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $398.89. The company has a market capitalization of $26.61 billion, a PE ratio of -81.35 and a beta of 1.04.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the previous year, the firm posted ($1.15) earnings per share. The company’s revenue was up 29.0% on a year-over-year basis. As a group, equities analysts forecast that MongoDB, Inc. will post -2.85 earnings per share for the current year.

Insider Activity

In related news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CRO Cedric Pech sold 720 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total value of $164,397.60. Following the completion of the transaction, the executive now owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 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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