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Oppenheimer Asset Management Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 33.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,865 shares of the company’s stock after purchasing an additional 472 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in MongoDB were worth $435,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in MongoDB in the 1st quarter worth $700,000. Vanguard Personalized Indexing Management LLC increased its holdings in MongoDB by 11.2% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 6,362 shares of the company’s stock worth $1,483,000 after acquiring an additional 639 shares in the last quarter. LPL Financial LLC increased its holdings in MongoDB by 8.5% in the 1st quarter. LPL Financial LLC now owns 22,757 shares of the company’s stock worth $5,305,000 after acquiring an additional 1,784 shares in the last quarter. Pictet Asset Management SA increased its holdings in MongoDB by 2.6% in the 1st quarter. Pictet Asset Management SA now owns 23,681 shares of the company’s stock worth $5,521,000 after acquiring an additional 598 shares in the last quarter. Finally, Keybank National Association OH increased its holdings in MongoDB by 20.9% in the 1st quarter. Keybank National Association OH now owns 1,915 shares of the company’s stock worth $446,000 after acquiring an additional 331 shares in the last quarter. 88.89% of the stock is owned by hedge funds and other institutional investors.
MongoDB Stock Performance
NASDAQ MDB opened at $354.32 on Tuesday. The firm’s 50-day moving average is $390.26 and its two-hundred day moving average is $300.69. MongoDB, Inc. has a 12 month low of $135.15 and a 12 month high of $439.00. 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 (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The company had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.15) earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the sale, the executive now directly owns 37,156 shares in the company, valued at $15,114,689.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $415.06, for a total transaction of $2,490,360.00. Following the sale, the director now directly owns 1,207,159 shares in the company, valued at $501,043,414.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Cedric Pech sold 360 shares of the company’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 transaction of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at $15,114,689.24. The disclosure for this sale can be found here. Insiders have sold 102,220 shares of company stock worth $38,763,571 over the last three months. Company insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on MDB. Tigress Financial boosted their price target on shares of MongoDB from $365.00 to $490.00 in a report on Wednesday, June 28th. Mizuho upped their target price on shares of MongoDB from $220.00 to $240.00 in a report on Friday, June 23rd. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Needham & Company LLC upped their target price on shares of MongoDB from $250.00 to $430.00 in a report on Friday, June 2nd. Finally, 58.com reaffirmed a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $379.23.
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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