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Virtu Financial LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 101.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,202 shares of the company’s stock after purchasing an additional 10,186 shares during the quarter. Virtu Financial LLC’s holdings in MongoDB were worth $4,703,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $606,000. Geode Capital Management LLC lifted its stake in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after buying an additional 7,575 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of MongoDB in the fourth quarter worth $3,515,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of MongoDB by 428.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock worth $1,340,000 after buying an additional 4,665 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at MongoDB
In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $58,121,799.12. This represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 885 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now directly owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,139 shares of company stock worth $11,328,869. Company insiders own 3.60% of the company’s stock.
MongoDB Stock Performance
MongoDB stock traded up $3.24 during trading hours on Friday, reaching $192.54. 2,184,849 shares of the company’s stock traded hands, compared to its average volume of 1,701,319. MongoDB, Inc. has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30. The firm’s 50 day moving average is $250.97 and its 200-day moving average is $269.40.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on MDB shares. DA Davidson boosted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group reduced their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Tigress Financial boosted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Truist Financial dropped their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, Robert W. Baird dropped their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $320.70.
Get Our Latest Analysis on MongoDB
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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