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O Shaughnessy Asset Management LLC increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 21.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,150 shares of the company’s stock after purchasing an additional 385 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in MongoDB were worth $771,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new position in MongoDB in the 4th quarter valued at $25,000. Blue Trust Inc. lifted its position in shares of 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 during the last quarter. YHB Investment Advisors Inc. bought a new stake in MongoDB during the 1st quarter valued at approximately $41,000. Sunbelt Securities Inc. grew its holdings in MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after buying an additional 76 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in MongoDB in the 4th quarter worth approximately $50,000. Institutional investors own 89.29% of the company’s stock.
Insider Transactions at MongoDB
In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares in the company, valued at approximately $198,256,018.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,179 shares of company stock worth $9,535,839. 3.60% of the stock is currently owned by company insiders.
MongoDB Price Performance
Shares of NASDAQ:MDB opened at $253.50 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The business has a 50-day moving average price of $261.27 and a two-hundred day moving average price of $345.99.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. On average, equities research analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Citigroup dropped their target price on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, June 3rd. Wells Fargo & Company decreased their target price on MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Canaccord Genuity Group cut their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. Loop Capital decreased their price objective on MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Morgan Stanley cut their target price on MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $355.74.
Read Our Latest Report on MongoDB
MongoDB Company Profile
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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