MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Comerica Bank lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 78.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,255 shares of the company’s stock after selling 59,830 shares during the period. Comerica Bank’s holdings in MongoDB were worth $3,784,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB in the fourth quarter worth $29,000. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in MongoDB during the third quarter worth about $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Trading Down 0.4 %
Shares of MongoDB stock opened at $172.22 on Wednesday. The firm has a fifty day simple moving average of $181.04 and a 200-day simple moving average of $243.57. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of -62.85 and a beta of 1.49. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the firm earned $0.86 EPS. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on MDB shares. UBS Group set a $350.00 price target on MongoDB in a report on Tuesday, March 4th. The Goldman Sachs Group reduced their price target on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Citigroup lowered their price target on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada reduced their price objective on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.78.
Insider Activity
In related news, CEO Dev Ittycheria sold 18,512 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the sale, the chief executive officer now directly owns 268,948 shares of the company’s stock, valued at $46,597,930.48. This trade represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,345 shares of company stock valued at $7,687,310. 3.60% of the stock is owned by company insiders.
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.
See Also
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street’s top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true “Strong Sell” stocks.
Article originally posted on mongodb google news. Visit mongodb google news