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Pacer Advisors Inc. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1,400.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,632 shares of the company’s stock after acquiring an additional 3,390 shares during the period. Pacer Advisors Inc.’s holdings in MongoDB were worth $1,485,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in MDB. Raymond James & Associates increased its position in shares of MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC acquired a new position in MongoDB in the 1st quarter worth $1,823,000. Panagora Asset Management Inc. boosted its stake in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the period. Institutional investors own 89.29% of the company’s stock.
MongoDB Stock Down 0.0 %
MongoDB stock opened at $358.64 on Monday. The stock has a market cap of $25.89 billion, a P/E ratio of -144.61 and a beta of 1.24. The company’s 50-day moving average price is $414.58 and its two-hundred day moving average price is $390.12. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a twelve month low of $198.72 and a twelve month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. KeyCorp upped their target price on shares of MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Citigroup increased their price objective on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group restated a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Finally, Guggenheim increased their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.85.
Get Our Latest Analysis on MongoDB
Insider Buying and Selling
In related news, CRO Cedric Pech sold 1,248 shares of MongoDB stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00. Following the completion of the transaction, the executive now owns 25,425 shares of the company’s stock, valued at $10,170,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now directly owns 25,425 shares of the company’s stock, valued at $10,170,000. The disclosure for this sale can be found here. Insiders sold 54,607 shares of company stock valued at $23,116,062 over the last quarter. 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.
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