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Raymond James & Associates boosted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 34.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,047 shares of the company’s stock after acquiring an additional 13,686 shares during the quarter. Raymond James & Associates owned 0.07% of MongoDB worth $18,347,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in MDB. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB during the second quarter worth $26,000. KB Financial Partners LLC bought a new stake in shares of MongoDB during the second quarter worth $27,000. Capital Advisors Ltd. LLC grew its stake in shares of MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after buying an additional 38 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of MongoDB by 176.5% during the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of MongoDB during the second quarter worth $43,000. 88.89% of the stock is owned by institutional investors.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the sale, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the sale, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total transaction of $345,210.00. Following the completion of the sale, the director now directly owns 533,896 shares of the company’s stock, valued at $184,306,238.16. The disclosure for this sale can be found here. Insiders sold a total of 147,029 shares of company stock valued at $56,304,511 over the last three months. Corporate insiders own 4.80% of the company’s stock.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $378.73 on Wednesday. The firm’s 50-day moving average price is $393.90 and its 200-day moving average price is $380.73. MongoDB, Inc. has a 1-year low of $174.70 and a 1-year high of $442.84. The firm has a market capitalization of $27.34 billion, a P/E ratio of -143.46 and a beta of 1.23. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.23) earnings per share. Equities research analysts anticipate that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on MDB. Scotiabank began coverage on shares of MongoDB in a research note on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price on the stock. KeyCorp decreased their target price on shares of MongoDB from $495.00 to $440.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. TheStreet upgraded shares of MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. Mizuho lifted their price target on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, December 6th. Finally, Tigress Financial lifted their price target on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $430.41.
Check Out Our Latest Stock Report on MDB
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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