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Commonwealth Equity Services LLC increased its holdings in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,760 shares of the company’s stock after acquiring an additional 529 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MongoDB were worth $2,118,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its position in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in MongoDB in the 4th quarter worth approximately $36,000. Huntington National Bank increased its holdings in MongoDB by 1,468.8% in the 3rd quarter. Huntington National Bank now owns 251 shares of the company’s stock worth $50,000 after buying an additional 235 shares during the period. Quent Capital LLC grew its stake in shares of MongoDB by 372.9% during the 4th quarter. Quent Capital LLC now owns 402 shares of the company’s stock worth $79,000 after purchasing an additional 317 shares during the period. Finally, Allworth Financial LP grew its stake in shares of MongoDB by 12.9% during the 4th quarter. Allworth Financial LP now owns 508 shares of the company’s stock worth $100,000 after purchasing an additional 58 shares during the period. 84.86% of the stock is owned by hedge funds and other institutional investors.
MongoDB Price Performance
Shares of MDB opened at $275.48 on Wednesday. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of -54.66 and a beta of 1.06. The stock has a 50 day moving average of $226.89 and a 200-day moving average of $203.44. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.54. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $390.84.
MongoDB (NASDAQ:MDB – Get Rating) last issued its earnings results on Wednesday, March 8th. The company reported ($0.98) EPS for the quarter, topping the consensus estimate of ($1.18) by $0.20. The company had revenue of $361.31 million during the quarter, compared to analyst estimates of $335.84 million. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. As a group, analysts forecast that MongoDB, Inc. will post -4.04 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Sanford C. Bernstein started coverage on MongoDB in a report on Friday, February 17th. They issued an “outperform” rating and a $282.00 price objective on the stock. Citigroup lowered their price objective on MongoDB from $300.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, March 7th. JMP Securities boosted their target price on MongoDB from $215.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Thursday, March 9th. Piper Sandler restated an “overweight” rating and set a $270.00 target price on shares of MongoDB in a research note on Thursday, March 9th. Finally, Tigress Financial reiterated a “buy” rating and issued a $365.00 price objective on shares of MongoDB in a research note on Thursday, April 20th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $257.00.
Insider Buying and Selling
In related news, CRO Cedric Pech sold 720 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $164,397.60. Following the sale, the executive now owns 53,050 shares of the company’s stock, valued at approximately $12,112,906.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $207.86, for a total transaction of $8,314,400.00. Following the sale, the chief executive officer now owns 190,264 shares of the company’s stock, valued at approximately $39,548,275.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Cedric Pech sold 720 shares of MongoDB stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total value of $164,397.60. Following the sale, the executive now directly owns 53,050 shares in the company, valued at approximately $12,112,906.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,108 shares of company stock valued at $30,127,927. Insiders own 5.70% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
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