MMS • RSS
Park Avenue Securities LLC grew its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 52.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,630 shares of the company’s stock after buying an additional 907 shares during the quarter. Park Avenue Securities LLC’s holdings in MongoDB were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of MDB. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB in the 4th quarter valued at about $29,000. NCP Inc. purchased a new position in shares of MongoDB in the fourth quarter valued at approximately $35,000. Coppell Advisory Solutions LLC grew its holdings in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after purchasing an additional 182 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock worth $87,000 after buying an additional 134 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in MongoDB by 57.4% during the 4th quarter. Manchester Capital Management LLC now owns 384 shares of the company’s stock worth $89,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
MongoDB Stock Performance
Shares of MongoDB stock opened at $205.63 on Friday. The company has a market capitalization of $16.69 billion, a P/E ratio of -75.05 and a beta of 1.39. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The company’s fifty day moving average is $181.84 and its two-hundred day moving average is $226.14.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. The firm had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of MongoDB from $200.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, June 5th. KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Monness Crespi & Hardt raised MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price target on the stock in a research report on Thursday, June 5th. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $365.00 to $225.00 in a research note on Thursday, March 6th. Finally, Morgan Stanley cut their target price on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $282.47.
Get Our Latest Research Report on MongoDB
Insider Buying and Selling at MongoDB
In related news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total value of $205,260.75. Following the sale, the director now owns 19,333 shares in the company, valued at $3,377,281.77. This represents a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at $2,529,103.50. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,208 shares of company stock valued at $10,167,739. 3.10% of the stock is owned by company insiders.
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.
Featured Stories
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.