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Park Avenue Securities LLC Takes Position in MongoDB, Inc. (NASDAQ:MDB)

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Park Avenue Securities LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDBGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 522 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in MongoDB during the 4th quarter worth approximately $277,934,000. TD Asset Management Inc. lifted its position in MongoDB by 153.9% during the 4th quarter. TD Asset Management Inc. now owns 525,000 shares of the company’s stock worth $277,909,000 after acquiring an additional 318,259 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in MongoDB during the 4th quarter worth approximately $74,638,000. Geode Capital Management LLC lifted its position in MongoDB by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock worth $456,904,000 after acquiring an additional 56,940 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in MongoDB by 1,488.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 47,646 shares of the company’s stock worth $25,221,000 after acquiring an additional 44,646 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In related news, insider Thomas Bull sold 489 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $264.45, for a total transaction of $129,316.05. Following the completion of the sale, the insider now directly owns 17,104 shares of the company’s stock, valued at approximately $4,523,152.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 14,000 shares of MongoDB stock in a transaction on Monday, May 2nd. The stock was 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 directly owns 1,323,384 shares of the company’s stock, valued at approximately $462,152,160.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Bull sold 489 shares of MongoDB stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total value of $129,316.05. Following the completion of the sale, the insider now directly owns 17,104 shares of the company’s stock, valued at $4,523,152.80. The disclosure for this sale can be found here. Insiders sold 77,185 shares of company stock valued at $23,594,636 in the last three months. Corporate insiders own 5.70% of the company’s stock.

MongoDB Trading Up 8.7 %

Shares of MongoDB stock opened at $289.92 on Thursday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of -59.90 and a beta of 0.91. The business has a fifty day simple moving average of $273.47 and a 200-day simple moving average of $340.65. MongoDB, Inc. has a fifty-two week low of $213.39 and a fifty-two week high of $590.00.

MongoDB (NASDAQ:MDBGet Rating) last issued its earnings results 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. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The business had revenue of $285.45 million during the quarter, compared to analysts’ expectations of $267.10 million. During the same period in the prior year, the firm posted ($0.98) EPS. MongoDB’s quarterly revenue was up 57.1% compared to the same quarter last year. On average, equities analysts forecast that MongoDB, Inc. will post -5.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDB. UBS Group lifted their price objective on MongoDB from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Canaccord Genuity Group dropped their price objective on MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. Robert W. Baird began coverage on MongoDB in a report on Tuesday, July 12th. They set an “outperform” rating and a $360.00 price objective on the stock. Mizuho dropped their price objective on MongoDB from $325.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. Finally, Royal Bank of Canada lifted their price objective on MongoDB from $325.00 to $375.00 in a report on Thursday, June 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

MongoDB Profile

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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

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:MDBGet Rating).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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Article originally posted on mongodb google news. Visit mongodb google news

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