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Price T Rowe Associates Inc. MD trimmed its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,130,068 shares of the company’s stock after selling 39,594 shares during the period. Price T Rowe Associates Inc. MD owned 4.30% of MongoDB worth $1,122,568,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MDB. HB Wealth Management LLC increased its holdings in shares of MongoDB by 25.8% during the 4th quarter. HB Wealth Management LLC now owns 805 shares of the company’s stock worth $329,000 after buying an additional 165 shares during the last quarter. Raymond James & Associates increased its stake in MongoDB by 14.2% during the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock worth $24,759,000 after acquiring an additional 7,510 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of MongoDB by 64.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock worth $2,305,000 after purchasing an additional 2,213 shares during the period. Pacer Advisors Inc. lifted its stake in shares of MongoDB by 1,400.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,632 shares of the company’s stock valued at $1,485,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after purchasing an additional 26,961 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.
MongoDB Stock Performance
Shares of NASDAQ MDB traded down $2.76 during midday trading on Friday, hitting $253.50. The company’s stock had a trading volume of 1,196,719 shares, compared to its average volume of 1,450,955. The firm has a market cap of $18.59 billion, a P/E ratio of -90.21 and a beta of 1.13. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The firm’s fifty day moving average price is $261.27 and its 200-day moving average price is $345.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting the consensus estimate of ($0.80). The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.
Insider Buying and Selling at MongoDB
In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the transaction, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total value of $1,261,150.00. Following the transaction, the chief financial officer now owns 81,942 shares in the company, valued at $20,668,230.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the sale, the director now owns 522,896 shares of the company’s stock, valued at approximately $198,256,018.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,179 shares of company stock valued at $9,535,839. 3.60% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have issued reports on MDB. Citigroup decreased their price objective on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Canaccord Genuity Group reduced their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Loop Capital lowered their price objective on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Barclays reduced their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Finally, Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.74.
Get Our Latest Research Report on MDB
MongoDB 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.
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