Mayflower Financial Advisors LLC Acquires 50 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Mayflower Financial Advisors LLC Acquires 50 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Mayflower Financial Advisors LLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 716 shares of the company’s stock after purchasing an additional 50 shares during the period. Mayflower Financial Advisors LLC’s holdings in MongoDB were worth $293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in MongoDB in the second quarter worth approximately $27,000. Blue Trust Inc. boosted its holdings in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares in the last quarter. BluePath Capital Management LLC bought a new position in MongoDB in the third quarter worth approximately $30,000. Parkside Financial Bank & Trust raised its stake in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 60 shares during the last quarter. Finally, AM Squared Ltd purchased a new stake in shares of MongoDB in the third quarter worth approximately $35,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MDB shares. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Truist Financial increased their price objective on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. KeyCorp increased their price objective on MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Piper Sandler increased their price target on MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Finally, Barclays increased their price target on MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.85.

Check Out Our Latest Analysis on MDB

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $465.37, for a total value of $930,740.00. Following the completion of the transaction, the director now directly owns 1,166,784 shares of the company’s stock, valued at $542,986,270.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of MongoDB stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the sale, the chief financial officer now owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $465.37, for a total value of $930,740.00. Following the sale, the director now directly owns 1,166,784 shares of the company’s stock, valued at approximately $542,986,270.08. The disclosure for this sale can be found here. Insiders sold 54,248 shares of company stock valued at $22,970,890 over the last three months. Company insiders own 4.80% of the company’s stock.

MongoDB Price Performance

MongoDB stock opened at $356.09 on Tuesday. MongoDB, Inc. has a one year low of $198.72 and a one year high of $509.62. The business has a fifty day moving average price of $413.43 and a 200-day moving average price of $390.05. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

About MongoDB

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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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