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D.A. Davidson & CO. reduced its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 51.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 945 shares of the company’s stock after selling 1,000 shares during the quarter. D.A. Davidson & CO.’s holdings in MongoDB were worth $220,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of MDB. Asset Management One Co. Ltd. increased its holdings in MongoDB by 7.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 64,283 shares of the company’s stock worth $14,782,000 after acquiring an additional 4,268 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of MongoDB by 96.3% during the 1st quarter. Mackenzie Financial Corp now owns 5,773 shares of the company’s stock worth $1,346,000 after purchasing an additional 2,832 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in MongoDB by 23.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,654 shares of the company’s stock valued at $2,964,000 after buying an additional 2,591 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in MongoDB by 60.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 15,075 shares of the company’s stock worth $3,514,000 after buying an additional 5,679 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in MongoDB by 21.0% during the 1st quarter. Whittier Trust Co. now owns 29,391 shares of the company’s stock worth $6,851,000 after buying an additional 5,094 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Insider Activity
In related news, CRO Cedric Pech sold 360 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the transaction, the executive now owns 37,156 shares of the company’s stock, valued at $15,114,689.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Dev Ittycheria sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now directly owns 218,085 shares in the company, valued at $88,775,860.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 360 shares of the company’s 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 sale, 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 three months, insiders have sold 117,427 shares of company stock worth $41,364,961. 4.80% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts have recently issued reports on MDB shares. Piper Sandler lifted their price target on MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. 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. Oppenheimer boosted their price target on shares of MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Capital One Financial started coverage on shares of MongoDB in a report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price objective for the company. Finally, VNET Group restated a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $366.59.
MongoDB Trading Up 1.2 %
NASDAQ:MDB opened at $431.21 on Thursday. The stock has a fifty day moving average price of $356.64 and a 200 day moving average price of $264.70. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00. The firm has a market cap of $30.44 billion, a PE ratio of -92.34 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS 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 business had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same period in the previous year, the company posted ($1.15) earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Sell-side analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal 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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