MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Wedbush Securities Inc. – Defense World

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Wedbush Securities Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 20.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,739 shares of the company’s stock after purchasing an additional 470 shares during the period. Wedbush Securities Inc.’s holdings in MongoDB were worth $685,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after purchasing an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in MongoDB by 12.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after purchasing an additional 25 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in MongoDB by 24.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 182 shares of the company’s stock worth $74,000 after purchasing an additional 36 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in MongoDB by 12.9% during the first quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after purchasing an additional 37 shares in the last quarter. Finally, Atria Investments Inc raised its stake in shares of MongoDB by 1.2% in the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after acquiring an additional 39 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MDB stock opened at $296.69 on Thursday. The stock’s 50-day moving average is $254.78 and its two-hundred day moving average is $305.40. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of -105.58 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDBGet Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the prior year, the firm earned ($0.63) earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MDB shares. Sanford C. Bernstein increased their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. UBS Group increased their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. DA Davidson increased their price objective on MongoDB from $265.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Loop Capital reduced their price objective on MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, Robert W. Baird reduced their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

Check Out Our Latest Stock Analysis on MDB

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,179 shares of company stock worth $8,346,169. Company insiders own 3.60% of the company’s stock.

MongoDB Profile

(Free Report)

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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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