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LPL Financial LLC grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,757 shares of the company’s stock after acquiring an additional 1,784 shares during the period. LPL Financial LLC’s holdings in MongoDB were worth $5,305,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Raymond James & Associates boosted its holdings in shares of MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares during the period. PNC Financial Services Group Inc. boosted its stake in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC purchased a new position in MongoDB during the 1st quarter worth approximately $1,823,000. Panagora Asset Management Inc. raised its stake in MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares in the last quarter. 88.89% of the stock is owned by institutional investors.
Insider Transactions at MongoDB
In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total value of $811,315.06. Following the completion of the transaction, the director now owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the sale, the director now owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Cedric Pech sold 360 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the transaction, the executive now owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,551 shares of company stock worth $31,143,942. 4.80% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Guggenheim lowered MongoDB from a “neutral” rating to a “sell” rating and upped their price target for the company from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. The Goldman Sachs Group increased their price target on shares of MongoDB from $420.00 to $440.00 in a research report on Friday, June 23rd. 22nd Century Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Royal Bank of Canada increased their target price on shares of MongoDB from $400.00 to $445.00 in a research report on Friday, June 23rd. Finally, JMP Securities boosted their price target on shares of MongoDB from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $379.23.
MongoDB Stock Performance
MDB opened at $381.30 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average price is $389.93 and its two-hundred day moving average price is $302.86. The firm has a market capitalization of $26.91 billion, a P/E ratio of -81.65 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. MongoDB’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.15) earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.
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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