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HB Wealth Management LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 640 shares of the company’s stock after acquiring an additional 60 shares during the quarter. HB Wealth Management LLC’s holdings in MongoDB were worth $221,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of MongoDB in the second quarter worth $26,000. KB Financial Partners LLC acquired a new stake in shares of MongoDB in the second quarter worth $27,000. Capital Advisors Ltd. LLC boosted its position in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after buying an additional 38 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of MongoDB in the second quarter worth $43,000. 88.89% of the stock is owned by institutional investors.
MongoDB Stock Up 2.3 %
MDB stock opened at $416.90 on Wednesday. MongoDB, Inc. has a twelve month low of $164.59 and a twelve month high of $442.84. The company has a market cap of $30.09 billion, a PE ratio of -157.92 and a beta of 1.19. The business’s 50-day simple moving average is $384.61 and its 200 day simple moving average is $380.18. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. During the same period last year, the business earned ($1.23) earnings per share. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, research analysts anticipate that MongoDB, Inc. will post -1.64 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Argus raised their target price on MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Canaccord Genuity Group lifted their price objective on MongoDB from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Sanford C. Bernstein lifted their price objective on MongoDB from $424.00 to $471.00 in a research report on Sunday, September 3rd. Needham & Company LLC lifted their price objective on MongoDB from $445.00 to $495.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, Oppenheimer lifted their price objective on MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $432.44.
View Our Latest Stock Report on MongoDB
Insider Buying and Selling
In related news, CFO Michael Lawrence Gordon sold 7,577 shares of MongoDB stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at $36,503,740.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other MongoDB news, CFO Michael Lawrence Gordon sold 7,577 shares of MongoDB stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at $36,503,740.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $342.39, for a total value of $342,390.00. Following the sale, the director now directly owns 534,896 shares in the company, valued at $183,143,041.44. The disclosure for this sale can be found here. Insiders have sold a total of 164,029 shares of company stock valued at $62,181,450 over the last three months. 4.80% of the stock is owned by corporate insiders.
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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