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Arizona State Retirement System grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,975 shares of the company’s stock after purchasing an additional 695 shares during the period. Arizona State Retirement System’s holdings in MongoDB were worth $4,657,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MDB. Vanguard Group Inc. grew its holdings in MongoDB by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after acquiring an additional 121,201 shares during the period. Franklin Resources Inc. grew its holdings in MongoDB by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock worth $386,313,000 after acquiring an additional 118,055 shares during the period. State Street Corp grew its holdings in MongoDB by 1.8% during the third quarter. State Street Corp now owns 1,349,260 shares of the company’s stock worth $267,909,000 after acquiring an additional 23,846 shares during the period. 1832 Asset Management L.P. grew its holdings in MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the period. Finally, Geode Capital Management LLC grew its holdings in MongoDB by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 931,748 shares of the company’s stock worth $183,193,000 after acquiring an additional 39,741 shares during the period. 89.22% of the stock is owned by institutional investors and hedge funds.
MongoDB Price Performance
Shares of MongoDB stock opened at $398.68 on Monday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $418.70. The stock has a 50-day simple moving average of $346.49 and a 200-day simple moving average of $260.43.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned ($1.15) EPS. On average, research analysts anticipate that MongoDB, Inc. will post -2.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
MDB has been the topic of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Piper Sandler lifted their price target on MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. VNET Group reissued a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. Mizuho lifted their price target on MongoDB from $220.00 to $240.00 in a research note on Friday, June 23rd. Finally, Stifel Nicolaus lifted their price target on MongoDB from $375.00 to $420.00 in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $366.59.
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 606 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $382.41, for a total value of $231,740.46. Following the completion of the sale, the director now directly owns 1,214,159 shares in the company, valued at approximately $464,306,543.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 606 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $382.41, for a total value of $231,740.46. Following the completion of the sale, the director now directly owns 1,214,159 shares in the company, valued at approximately $464,306,543.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 516 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the sale, the chief accounting officer now owns 17,190 shares of the company’s stock, valued at $6,992,548.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,427 shares of company stock worth $41,364,961. 4.80% of the stock is currently owned by 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.
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