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Raymond James & Associates grew its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 75.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,030 shares of the company’s stock after acquiring an additional 5,173 shares during the quarter. Raymond James & Associates’ holdings in MongoDB were worth $2,804,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Cherry Creek Investment Advisors Inc. increased its holdings in MongoDB by 1.5% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after buying an additional 50 shares in the last quarter. Allworth Financial LP grew its stake in shares of MongoDB by 12.9% during the 4th quarter. Allworth Financial LP now owns 508 shares of the company’s stock valued at $100,000 after purchasing an additional 58 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of MongoDB by 7.4% during the 2nd 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. grew its stake in shares of MongoDB by 1.0% during the 4th 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 grew its stake in shares of MongoDB by 4.5% during the 4th 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. 89.22% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CTO Mark Porter sold 2,734 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $412.33, for a total transaction of $1,127,310.22. Following the transaction, the chief technology officer now owns 35,056 shares of the company’s stock, valued at approximately $14,454,640.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other MongoDB news, CTO Mark Porter sold 2,734 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $412.33, for a total value of $1,127,310.22. Following the transaction, the chief technology officer now owns 35,056 shares of the company’s stock, valued at approximately $14,454,640.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $146,444.40. Following the completion of the transaction, the executive now directly owns 37,156 shares in the company, valued at approximately $15,114,689.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,427 shares of company stock valued at $41,364,961. 4.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Needham & Company LLC boosted their price target on MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. Barclays boosted their price target on MongoDB from $374.00 to $421.00 in a research note on Monday, June 26th. Morgan Stanley boosted their price target on MongoDB from $270.00 to $440.00 in a research note on Friday, June 23rd. Finally, Guggenheim cut MongoDB from a “neutral” rating to a “sell” rating and lifted 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $366.59.
MongoDB Stock Down 2.1 %
Shares of MDB opened at $398.68 on Friday. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of -85.37 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The business’s 50 day simple moving average is $346.49 and its 200-day simple moving average is $259.93. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $418.70.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate 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 for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.15) EPS. As a group, equities analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal year.
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.
Further Reading
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