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Princeton Capital Management LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,018 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Princeton Capital Management LLC’s holdings in MongoDB were worth $937,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MongoDB in the fourth quarter worth $30,000. Lindbrook Capital LLC grew its stake in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of MongoDB in the fourth quarter worth $36,000. Finally, CI Investments Inc. grew its stake in shares of MongoDB by 126.8% in the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock worth $37,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 89.22% of the company’s stock.
MongoDB Trading Up 1.3 %
Shares of NASDAQ MDB traded up $5.33 during midday trading on Wednesday, reaching $431.35. The stock had a trading volume of 341,430 shares, compared to its average volume of 1,766,557. The stock has a 50-day moving average of $353.25 and a 200-day moving average of $263.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $437.33.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The firm had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.15) earnings per share. Sell-side analysts forecast that MongoDB, Inc. will post -2.8 EPS for the current fiscal year.
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 360 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $146,444.40. Following the completion of the sale, the executive now directly owns 37,156 shares of the company’s stock, valued at $15,114,689.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the transaction, the executive now owns 37,156 shares in the company, valued at $15,114,689.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total transaction of $209,898.48. Following the transaction, the chief accounting officer now owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The disclosure for this sale can be found here. Insiders sold a total of 117,427 shares of company stock valued at $41,364,961 over the last three months. Corporate insiders own 4.80% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. KeyCorp increased their target price on MongoDB from $229.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. JMP Securities increased their target price on MongoDB from $245.00 to $370.00 in a research note on Friday, June 2nd. Robert W. Baird increased their price objective on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Guggenheim cut MongoDB from a “neutral” rating to a “sell” rating and increased their price objective for the company from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Finally, 22nd Century Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $366.59.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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