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Private Advisor Group LLC purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,001 shares of the company’s stock, valued at approximately $700,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Cherry Creek Investment Advisors Inc. boosted its holdings in MongoDB by 1.5% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock valued at $646,000 after purchasing an additional 50 shares during the period. CWM LLC boosted its holdings in MongoDB by 2.4% in the first quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $521,000 after purchasing an additional 52 shares during the period. Cetera Advisor Networks LLC boosted its holdings in MongoDB by 7.4% in the second quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock valued at $223,000 after purchasing an additional 59 shares during the period. First Republic Investment Management Inc. boosted its holdings in MongoDB by 1.0% in the fourth quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock valued at $1,261,000 after purchasing an additional 61 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in MongoDB by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,512 shares of the company’s stock valued at $298,000 after purchasing an additional 65 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the sale, the chief accounting officer now owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the sale, the chief accounting officer now owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total value of $20,353,500.00. Following the completion of the sale, the chief executive officer now directly owns 218,085 shares in the company, valued at approximately $88,775,860.95. The disclosure for this sale can be found here. Insiders have sold a total of 76,551 shares of company stock worth $31,143,942 in the last quarter. Company insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on MDB shares. The Goldman Sachs Group lifted their target price on MongoDB from $420.00 to $440.00 in a report on Friday, June 23rd. VNET Group restated a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. Truist Financial raised their price target on MongoDB from $365.00 to $420.00 in a research note on Friday, June 23rd. Capital One Financial began coverage on MongoDB in a research note on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on MongoDB from $400.00 to $445.00 in a research note on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.23.
Check Out Our Latest Report on MongoDB
MongoDB Stock Performance
NASDAQ MDB opened at $381.30 on Friday. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of -81.65 and a beta of 1.13. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $389.93 and its two-hundred day moving average is $302.86. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The company’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.15) EPS. Research analysts expect that MongoDB, Inc. will post -2.8 EPS for the current year.
MongoDB 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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