MMS • RSS
Posted on mongodb google news. Visit mongodb google news
National Pension Service grew its holdings in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,778 shares of the company’s stock after buying an additional 22,516 shares during the quarter. National Pension Service owned 0.17% of MongoDB worth $22,593,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MDB. Truist Financial Corp boosted its stake in MongoDB by 25.2% during the fourth quarter. Truist Financial Corp now owns 4,982 shares of the company’s stock worth $981,000 after buying an additional 1,002 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in MongoDB by 5.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 35,039 shares of the company’s stock worth $6,897,000 after buying an additional 1,759 shares during the last quarter. CI Private Wealth LLC acquired a new position in MongoDB during the fourth quarter worth $274,000. Utah Retirement Systems boosted its stake in MongoDB by 0.9% during the fourth quarter. Utah Retirement Systems now owns 11,725 shares of the company’s stock worth $2,308,000 after buying an additional 100 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of MongoDB in the 4th quarter valued at $3,648,000. 84.86% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Stock Down 1.4 %
NASDAQ:MDB opened at $379.90 on Tuesday. The firm has a market capitalization of $26.61 billion, a P/E ratio of -81.35 and a beta of 1.04. The stock’s fifty day simple moving average is $282.72 and its 200-day simple moving average is $232.90. 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, Inc. has a 12-month low of $135.15 and a 12-month high of $398.89.
MongoDB (NASDAQ:MDB – Get Rating) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same period last year, the business posted ($1.15) EPS. MongoDB’s revenue was up 29.0% on a year-over-year basis. Equities research analysts expect that MongoDB, Inc. will post -2.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MDB. Needham & Company LLC upped their price target on MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. Robert W. Baird upped their price target on MongoDB from $230.00 to $290.00 in a research note on Wednesday, May 31st. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. The Goldman Sachs Group upped their price target on MongoDB from $280.00 to $420.00 in a research note on Friday, June 2nd. Finally, Stifel Nicolaus increased their target price on MongoDB from $240.00 to $375.00 in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.35.
Insiders Place Their Bets
In other news, CAO Thomas Bull sold 605 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total transaction of $138,145.70. Following the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 720 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $164,397.60. Following the sale, the executive now owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the sale, the chief accounting officer now directly owns 17,706 shares in the company, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Insiders sold 106,682 shares of company stock worth $26,516,196 over the last three months. Insiders own 4.80% of the company’s stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Article originally posted on mongodb google news. Visit mongodb google news