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A number of other hedge funds and other institutional investors have also modified their holdings of MDB. Russell Investments Group Ltd. increased its position in MongoDB by 27.1% during the fourth quarter. Russell Investments Group Ltd. now owns 8,236 shares of the company’s stock worth $4,359,000 after buying an additional 1,755 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of MongoDB during the fourth quarter worth approximately $266,000. Strs Ohio boosted its holdings in shares of MongoDB by 390.0% during the fourth quarter. Strs Ohio now owns 2,656 shares of the company’s stock worth $1,405,000 after acquiring an additional 2,114 shares during the period. National Bank of Canada FI bought a new stake in shares of MongoDB during the fourth quarter worth approximately $184,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of MongoDB by 8.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 670 shares of the company’s stock worth $355,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.
MongoDB Stock Performance
Shares of MDB opened at $289.92 on Thursday. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $19.75 billion, a P/E ratio of -59.90 and a beta of 0.91. The firm’s fifty day simple moving average is $273.47 and its two-hundred day simple moving average is $340.65. MongoDB, Inc. has a 12 month low of $213.39 and a 12 month high of $590.00.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. The company had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The business’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.98) EPS. As a group, analysts predict that MongoDB, Inc. will post -5.08 EPS for the current year.
Insider Activity at MongoDB
In related news, Director Dwight A. Merriman sold 14,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $349.22, for a total value of $4,889,080.00. Following the transaction, the director now owns 1,323,384 shares of the company’s stock, valued at approximately $462,152,160.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 14,000 shares of the stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $349.22, for a total value of $4,889,080.00. Following the completion of the sale, the director now owns 1,323,384 shares in the company, valued at approximately $462,152,160.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 35,000 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $321.10, for a total transaction of $11,238,500.00. Following the completion of the sale, the chief executive officer now owns 204,744 shares of the company’s stock, valued at approximately $65,743,298.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,185 shares of company stock valued at $23,594,636. 5.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
MDB has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on MongoDB from $430.00 to $375.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Credit Suisse Group cut their price target on MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Canaccord Genuity Group cut their price target on MongoDB from $400.00 to $300.00 in a research note on Thursday, June 2nd. Mizuho cut their price target on MongoDB from $325.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. Finally, William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $401.17.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
Further Reading
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