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Park Avenue Securities LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 522 shares of the company’s stock, valued at approximately $232,000.
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, 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.
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