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Los Angeles Capital Management LLC trimmed its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 37.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,545 shares of the company’s stock after selling 20,319 shares during the quarter. Los Angeles Capital Management LLC’s holdings in MongoDB were worth $11,602,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. KB Financial Partners LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $27,000. Capital Advisors Ltd. LLC grew its stake in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after buying an additional 38 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of MongoDB in the fourth quarter valued at about $29,000. BluePath Capital Management LLC acquired a new stake in shares of MongoDB in the third quarter valued at about $30,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB in the third quarter valued at about $35,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Tigress Financial lifted their price objective on MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Mizuho lifted their price objective on MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, December 6th. Truist Financial restated a “buy” rating and set a $430.00 price objective on shares of MongoDB in a report on Monday, November 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $495.00 price objective on shares of MongoDB in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $429.50.
Get Our Latest Stock Report on MongoDB
MongoDB Stock Performance
MDB stock traded down $5.01 during trading on Friday, reaching $395.29. 973,617 shares of the company’s stock were exchanged, compared to its average volume of 1,191,025. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. MongoDB, Inc. has a 1-year low of $189.59 and a 1-year high of $442.84. The company’s fifty day moving average price is $402.37 and its 200-day moving average price is $380.93. The firm has a market cap of $28.53 billion, a PE ratio of -149.73 and a beta of 1.23.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. During the same quarter in the previous year, the firm posted ($1.23) EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts expect that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total value of $345,210.00. Following the completion of the sale, the director now owns 533,896 shares in the company, valued at $184,306,238.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total value of $345,210.00. Following the completion of the sale, the director now owns 533,896 shares in the company, valued at $184,306,238.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,277 shares of company stock worth $57,223,711. 4.80% of the stock is owned by company insiders.
MongoDB Company Profile
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.
Further Reading
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