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Mirae Asset Global Investments Co. Ltd. lifted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,283 shares of the company’s stock after buying an additional 4,971 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in MongoDB were worth $7,173,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MDB. GPS Wealth Strategies Group LLC bought a new stake in MongoDB during the second quarter valued at $26,000. KB Financial Partners LLC purchased a new position in shares of MongoDB during the second quarter worth about $27,000. Capital Advisors Ltd. LLC increased its position in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of MongoDB in the fourth quarter worth approximately $29,000. Finally, BluePath Capital Management LLC bought a new stake in MongoDB during the third quarter valued at approximately $30,000. 88.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MDB. KeyCorp lowered their price objective on shares of MongoDB from $495.00 to $440.00 and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Barclays raised 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. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective for the company in a report on Wednesday, November 8th. Bank of America initiated coverage on MongoDB in a report on Thursday, October 12th. They set a “buy” rating and a $450.00 price objective on the stock. Finally, Piper Sandler upped their price objective on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.41.
Read Our Latest Research Report on MDB
Insider Activity
In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $345.21, for a total transaction of $345,210.00. Following the completion of the transaction, the director now directly owns 533,896 shares of the company’s stock, valued at $184,306,238.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Thomas Bull sold 359 shares of MongoDB stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the transaction, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total value of $345,210.00. Following the sale, the director now owns 533,896 shares of the company’s stock, valued at approximately $184,306,238.16. The disclosure for this sale can be found here. Insiders have sold a total of 147,029 shares of company stock valued at $56,304,511 over the last ninety days. 4.80% of the stock is currently owned by corporate insiders.
MongoDB Stock Up 3.5 %
NASDAQ:MDB opened at $405.44 on Wednesday. The company has a market capitalization of $29.26 billion, a PE ratio of -153.58 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB, Inc. has a 1-year low of $179.52 and a 1-year high of $442.84. The firm’s 50-day moving average price is $399.14 and its 200-day moving average price is $380.69.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. During the same period last year, the business earned ($1.23) EPS. MongoDB’s revenue was up 29.8% compared to the same quarter last year. On average, equities analysts predict that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
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.
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