MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Cwm LLC - Defense World

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MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Cwm LLC – Defense World

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Cwm LLC lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,591 shares of the company’s stock after buying an additional 196 shares during the quarter. Cwm LLC’s holdings in MongoDB were worth $896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. GPS Wealth Strategies Group LLC purchased a new stake in MongoDB during the 2nd quarter worth about $26,000. KB Financial Partners LLC purchased a new stake in MongoDB during the 2nd quarter worth about $27,000. Capital Advisors Ltd. LLC increased its position in MongoDB by 131.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Bessemer Group Inc. purchased a new stake in MongoDB during the 4th quarter worth about $29,000. Finally, Parkside Financial Bank & Trust grew its holdings in MongoDB by 176.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MDB. Bank of America began coverage on MongoDB in a report on Thursday, October 12th. They issued a “buy” rating and a $450.00 price target for the company. Argus lifted their price target on MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Truist Financial restated a “buy” rating and issued a $430.00 price target on shares of MongoDB in a report on Monday, November 13th. Tigress Financial lifted their price target on MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a report on Friday, October 6th. Finally, JMP Securities lifted their price target on MongoDB from $425.00 to $440.00 and gave the company a “market outperform” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $432.44.

Check Out Our Latest Stock Report on MDB

MongoDB Stock Performance

Shares of MDB opened at $407.48 on Tuesday. The business’s 50 day moving average is $383.59 and its two-hundred day moving average is $379.88. MongoDB, Inc. has a 52-week low of $164.59 and a 52-week high of $442.84. The firm has a market cap of $29.41 billion, a price-to-earnings ratio of -154.35 and a beta of 1.19. 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 (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $406.33 million. During the same period in the prior year, the company posted ($1.23) EPS. MongoDB’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts forecast that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CRO Cedric Pech sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $326.27, for a total value of $100,491.16. Following the transaction, the executive now directly owns 34,110 shares of the company’s stock, valued at approximately $11,129,069.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CRO Cedric Pech sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $326.27, for a total transaction of $100,491.16. Following the sale, the executive now directly owns 34,110 shares of the company’s stock, valued at approximately $11,129,069.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 518 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $342.41, for a total value of $177,368.38. Following the sale, the chief accounting officer now directly owns 16,672 shares in the company, valued at $5,708,659.52. The disclosure for this sale can be found here. Insiders have sold a total of 164,337 shares of company stock valued at $62,281,941 in the last three months. Corporate insiders own 4.80% of the company’s stock.

MongoDB Company Profile

(Free Report)

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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