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Natixis Advisors L.P. Boosts Position in MongoDB, Inc. (NASDAQ:MDB) – Defense World

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Posted on mongodb google news. Visit mongodb google news

Natixis Advisors L.P. boosted its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,758 shares of the company’s stock after acquiring an additional 1,429 shares during the period. Natixis Advisors L.P.’s holdings in MongoDB were worth $8,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MDB. Blue Trust Inc. grew its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. AM Squared Ltd acquired a new position in MongoDB during the third quarter worth approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in MongoDB in the third quarter valued at approximately $35,000. Beacon Capital Management LLC boosted its holdings in shares of MongoDB by 1,111.1% in the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Finally, Huntington National Bank increased its holdings in shares of MongoDB by 279.3% in the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock valued at $38,000 after acquiring an additional 81 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,802 shares of company stock worth $16,514,071. 4.80% of the stock is currently owned by corporate insiders.

MongoDB Stock Down 0.6 %

MDB opened at $353.20 on Thursday. The company has a market cap of $25.72 billion, a PE ratio of -142.42 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB, Inc. has a 1 year low of $244.85 and a 1 year high of $509.62. The firm has a 50 day moving average price of $366.16 and a 200 day moving average price of $391.13.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Sell-side analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Guggenheim raised their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Truist Financial boosted their price target on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Loop Capital assumed coverage on MongoDB in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. Finally, Tigress Financial lifted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.86.

Read Our Latest Report on MongoDB

About MongoDB

(Free Report)

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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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:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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