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Creative Planning boosted its holdings in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 55.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,305 shares of the company’s stock after acquiring an additional 1,183 shares during the quarter. Creative Planning’s holdings in MongoDB were worth $651,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of MongoDB by 4.4% during the 4th quarter. Amalgamated Bank now owns 7,558 shares of the company’s stock valued at $1,488,000 after purchasing an additional 316 shares during the period. New York Life Investment Management LLC increased its position in shares of MongoDB by 5.5% during the 4th quarter. New York Life Investment Management LLC now owns 1,358 shares of the company’s stock valued at $267,000 after purchasing an additional 71 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in shares of MongoDB during the 4th quarter valued at $546,000. Assetmark Inc. increased its position in shares of MongoDB by 15.5% during the 4th quarter. Assetmark Inc. now owns 4,062 shares of the company’s stock valued at $800,000 after purchasing an additional 546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of MongoDB by 416.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 71,143 shares of the company’s stock worth $14,004,000 after acquiring an additional 57,367 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Price Performance
Shares of NASDAQ:MDB opened at $374.67 on Friday. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $398.89. The business has a 50-day moving average of $257.34 and a two-hundred day moving average of $219.44. The stock has a market capitalization of $26.24 billion, a P/E ratio of -80.00 and a beta of 1.04. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 3.80.
MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter in the previous year, the firm earned ($1.15) earnings per share. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts predict that MongoDB, Inc. will post -2.85 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently issued reports on MDB. Credit Suisse Group decreased their target price on MongoDB from $305.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 10th. Stifel Nicolaus lifted their target price on MongoDB from $240.00 to $375.00 in a report on Friday, June 2nd. William Blair restated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Piper Sandler lifted their target price on MongoDB from $270.00 to $400.00 in a report on Friday, June 2nd. Finally, Sanford C. Bernstein lifted their target price on MongoDB from $257.00 to $424.00 in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.35.
Insiders Place Their Bets
In other MongoDB news, CRO Cedric Pech sold 720 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $164,397.60. Following the completion of the sale, the executive now owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CRO Cedric Pech sold 720 shares of MongoDB stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $164,397.60. Following the transaction, the executive now directly owns 53,050 shares in the company, valued at $12,112,906.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dev Ittycheria sold 49,249 shares of MongoDB stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $227.55, for a total value of $11,206,609.95. Following the completion of the transaction, the chief executive officer now owns 222,311 shares in the company, valued at $50,586,868.05. The disclosure for this sale can be found here. Insiders sold 106,682 shares of company stock valued at $26,516,196 over the last quarter. Insiders own 4.80% of the company’s stock.
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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