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Price T Rowe Associates Inc. MD lowered its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,696,085 shares of the company’s stock after selling 143,201 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 9.66% of MongoDB worth $1,318,058,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Cetera Advisor Networks LLC bought a new position in MongoDB during the fourth quarter worth $278,000. Cetera Investment Advisers bought a new position in MongoDB during the fourth quarter worth $296,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in MongoDB by 33.2% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,084 shares of the company’s stock worth $410,000 after purchasing an additional 520 shares during the last quarter. Two Sigma Advisers LP bought a new position in MongoDB during the fourth quarter worth $24,448,000. Finally, Two Sigma Investments LP bought a new position in MongoDB during the fourth quarter worth $15,567,000. Institutional investors and hedge funds own 84.86% of the company’s stock.
Insider Buying and Selling
In related news, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $268,287.75. Following the transaction, the director now owns 9,437 shares of the company’s stock, valued at approximately $2,154,750.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total transaction of $268,287.75. Following the completion of the sale, the director now directly owns 9,437 shares in the company, valued at approximately $2,154,750.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $240.00, for a total value of $480,000.00. Following the sale, the director now owns 1,225,954 shares of the company’s stock, valued at $294,228,960. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,682 shares of company stock valued at $26,516,196. 4.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages recently issued reports on MDB. JMP Securities raised their price objective on MongoDB from $245.00 to $370.00 in a research note on Friday, June 2nd. The Goldman Sachs Group raised their target price on MongoDB from $280.00 to $420.00 in a research note on Friday, June 2nd. Wedbush cut their target price on MongoDB from $240.00 to $230.00 in a research note on Thursday, March 9th. Truist Financial raised their target price on MongoDB from $235.00 to $365.00 in a research note on Friday, June 2nd. Finally, Piper Sandler raised their target price on MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $328.35.
MongoDB Price Performance
NASDAQ:MDB opened at $381.79 on Tuesday. The business’s 50-day moving average price is $263.28 and its 200 day moving average price is $223.13. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $398.89. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. MongoDB’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the business posted ($1.15) EPS. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.85 EPS for the current fiscal 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.
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 – Get Rating).
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