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Marshall Wace LLP reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473,380 shares of the company’s stock after selling 123,914 shares during the period. Marshall Wace LLP owned approximately 0.67% of MongoDB worth $194,554,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in MDB. Jennison Associates LLC lifted its position in MongoDB by 101,056.3% during the second quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after purchasing an additional 1,986,767 shares during the period. 1832 Asset Management L.P. lifted its position in MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares during the period. Price T Rowe Associates Inc. MD lifted its position in MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after purchasing an additional 897,911 shares during the period. Norges Bank acquired a new position in MongoDB during the fourth quarter valued at $147,735,000. Finally, Champlain Investment Partners LLC purchased a new position in MongoDB in the first quarter valued at $89,157,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on MDB shares. Capital One Financial raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective for the company in a report on Wednesday, November 8th. Piper Sandler lifted their price objective on shares of MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. Argus lifted their price objective on shares of MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Finally, UBS Group lifted their price objective on shares of MongoDB from $425.00 to $465.00 and gave the company a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $432.44.
Get Our Latest Stock Analysis on MDB
Insider Buying and Selling
In related news, CRO Cedric Pech sold 308 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total transaction of $100,491.16. Following the completion of the sale, the executive now owns 34,110 shares in the company, valued at approximately $11,129,069.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CRO Cedric Pech sold 308 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total value of $100,491.16. Following the completion of the sale, the executive now owns 34,110 shares in the company, valued at approximately $11,129,069.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 2,174 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $361.31, for a total transaction of $785,487.94. Following the completion of the sale, the director now owns 9,722 shares of the company’s stock, valued at approximately $3,512,655.82. The disclosure for this sale can be found here. Insiders sold a total of 305,511 shares of company stock worth $108,766,329 in the last 90 days. Company insiders own 4.80% of the company’s stock.
MongoDB Stock Up 1.5 %
Shares of NASDAQ MDB traded up $5.93 during mid-day trading on Thursday, reaching $393.35. The company had a trading volume of 1,152,528 shares, compared to its average volume of 1,595,669. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29. The firm has a 50 day simple moving average of $369.73 and a two-hundred day simple moving average of $371.68. The stock has a market cap of $28.07 billion, a P/E ratio of -111.97 and a beta of 1.19. MongoDB, Inc. has a 52-week low of $164.59 and a 52-week high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 16.21% and a negative return on equity of 29.69%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the firm posted ($1.23) EPS. Sell-side analysts predict that MongoDB, Inc. will post -2.17 earnings per share for the current year.
MongoDB 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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