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Commerce Bank lowered its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,006 shares of the company’s stock after selling 136 shares during the quarter. Commerce Bank’s holdings in MongoDB were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDB. Yousif Capital Management LLC lifted its stake in shares of MongoDB by 4.8% during the third quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock worth $264,000 after purchasing an additional 35 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of MongoDB by 37.0% during the third quarter. Private Advisor Group LLC now owns 3,716 shares of the company’s stock worth $1,285,000 after purchasing an additional 1,003 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of MongoDB by 7.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,479 shares of the company’s stock worth $16,421,000 after purchasing an additional 3,258 shares in the last quarter. abrdn plc lifted its stake in shares of MongoDB by 46.0% during the third quarter. abrdn plc now owns 22,803 shares of the company’s stock worth $7,887,000 after purchasing an additional 7,188 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of MongoDB by 0.7% during the third quarter. Arizona State Retirement System now owns 19,256 shares of the company’s stock worth $6,660,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
Analyst Upgrades and Downgrades
MDB has been the topic of a number of recent research reports. Loop Capital initiated coverage on MongoDB in a research note on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price objective on the stock. Tigress Financial boosted their price objective on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Bank of America dropped their target price on MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Guggenheim lifted their target price on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Finally, KeyCorp dropped their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $444.57.
Check Out Our Latest Research Report on MongoDB
MongoDB Stock Down 0.6 %
Shares of MDB stock opened at $333.99 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The business has a 50 day moving average of $356.71 and a two-hundred day moving average of $392.33. MongoDB, Inc. has a 52 week low of $275.76 and a 52 week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. As a group, equities analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the transaction, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,802 shares of company stock worth $16,514,071. Company insiders own 3.60% of the company’s stock.
MongoDB Profile
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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