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The Manufacturers Life Insurance Company lifted its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,038 shares of the company’s stock after buying an additional 1,096 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of MongoDB worth $8,356,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates raised its position in shares of MongoDB by 32.0% during the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,192 shares during the period. PNC Financial Services Group Inc. raised its position in shares of MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of MongoDB during the first quarter worth $1,823,000. Panagora Asset Management Inc. raised its position in shares of MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of MongoDB by 100.3% during the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the period. Institutional investors own 84.86% of the company’s stock.
Insider Buying and Selling
In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the company’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 $268,287.75. Following the completion of the transaction, the director now owns 9,437 shares of the company’s stock, valued at approximately $2,154,750.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MongoDB news, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total value of $268,287.75. Following the completion of the sale, the director now owns 9,437 shares in the company, valued at $2,154,750.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,682 shares of company stock valued at $26,516,196. Insiders own 4.80% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MDB shares. Royal Bank of Canada boosted their target price on MongoDB from $235.00 to $400.00 in a research report on Friday, June 2nd. Truist Financial lifted their price target on MongoDB from $235.00 to $365.00 in a report on Friday, June 2nd. Mizuho lifted their price target on MongoDB from $180.00 to $220.00 in a report on Friday, June 2nd. Barclays lifted their price target on MongoDB from $280.00 to $374.00 in a report on Friday, June 2nd. Finally, KeyCorp lifted their price target on MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.35.
MongoDB Stock Performance
Shares of NASDAQ MDB traded up $3.21 during trading hours on Monday, hitting $377.72. 469,345 shares of the company’s stock were exchanged, compared to its average volume of 1,772,132. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $398.89. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of -80.41 and a beta of 1.04. The company’s 50-day moving average price is $263.28 and its 200-day moving average price is $223.13.
MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $347.77 million. During the same quarter in the previous year, the firm earned ($1.15) EPS. The firm’s revenue was up 29.0% compared to the same quarter last year. On average, sell-side analysts expect that MongoDB, Inc. will post -2.85 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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