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Nordea Investment Management AB lifted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,174 shares of the company’s stock after acquiring an additional 318 shares during the quarter. Nordea Investment Management AB’s holdings in MongoDB were worth $927,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of MongoDB by 2.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock worth $2,256,000 after acquiring an additional 277 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of MongoDB by 7.7% in the 1st quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock worth $318,000 after acquiring an additional 97 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MongoDB by 12.3% in the 4th quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after acquiring an additional 924 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of MongoDB by 30.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock worth $2,179,000 after acquiring an additional 2,591 shares in the last quarter. 89.22% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. 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 1,223,954 shares in the company, valued at approximately $293,748,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the sale, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The disclosure for this sale can be found here. Insiders have sold 116,821 shares of company stock worth $41,133,220 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently commented on the company. JMP Securities boosted their target price on MongoDB from $245.00 to $370.00 in a report on Friday, June 2nd. Citigroup upped their price target on MongoDB from $363.00 to $430.00 in a research note on Friday, June 2nd. Morgan Stanley lifted their price objective on MongoDB from $270.00 to $440.00 in a research report on Friday, June 23rd. Sanford C. Bernstein lifted their price objective on MongoDB from $257.00 to $424.00 in a research report on Monday, June 5th. Finally, Robert W. Baird lifted their price objective on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $366.30.
MongoDB Trading Down 2.6 %
NASDAQ:MDB opened at $388.62 on Friday. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $418.70. 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 $27.22 billion, a PE ratio of -83.22 and a beta of 1.13. The business’s 50-day simple moving average is $329.63 and its 200-day simple moving average is $252.90.
MongoDB (NASDAQ:MDB – Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter in the previous year, the business posted ($1.15) EPS. MongoDB’s revenue for the quarter was up 29.0% on a year-over-year basis. Sell-side analysts expect that MongoDB, Inc. will post -2.8 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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