MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Rhumbline Advisers lifted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,846 shares of the company’s stock after buying an additional 5,060 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of MongoDB worth $18,847,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of MDB. Cherry Creek Investment Advisors Inc. increased its holdings in shares of MongoDB by 1.5% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock valued at $646,000 after acquiring an additional 50 shares during the period. CWM LLC increased its holdings in shares of MongoDB by 2.4% in the 1st quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $521,000 after acquiring an additional 52 shares during the period. Cetera Advisor Networks LLC increased its holdings in shares of MongoDB by 7.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock valued at $223,000 after acquiring an additional 59 shares during the period. First Republic Investment Management Inc. increased its holdings in shares of MongoDB by 1.0% in the 4th quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock valued at $1,261,000 after acquiring an additional 61 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of MongoDB by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,512 shares of the company’s stock valued at $298,000 after acquiring an additional 65 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on MDB shares. Royal Bank of Canada raised their price objective on MongoDB from $400.00 to $445.00 in a research report on Friday, June 23rd. JMP Securities raised their price objective on MongoDB from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. VNET Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Barclays raised their price objective on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Finally, KeyCorp raised their price objective on MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $379.23.
Check Out Our Latest Report on MDB
Insider Activity at MongoDB
In related news, CTO Mark Porter sold 2,669 shares of MongoDB stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $381.12, for a total value of $1,017,209.28. Following the completion of the transaction, the chief technology officer now owns 37,667 shares in the company, valued at approximately $14,355,647.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other MongoDB news, CTO Mark Porter sold 2,669 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $381.12, for a total transaction of $1,017,209.28. Following the completion of the sale, the chief technology officer now directly owns 37,667 shares in the company, valued at approximately $14,355,647.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares of the company’s stock, valued at $15,114,689.24. The disclosure for this sale can be found here. Insiders sold a total of 79,220 shares of company stock worth $32,161,151 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.
MongoDB Price Performance
Shares of MongoDB stock opened at $375.52 on Thursday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $439.00. The business has a 50-day moving average price of $390.07 and a 200 day moving average price of $302.31. The firm has a market cap of $26.50 billion, a PE ratio of -80.41 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly 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. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same quarter in the previous year, the business earned ($1.15) EPS. MongoDB’s revenue for the quarter was up 29.0% compared to the same quarter last year. Sell-side analysts predict 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.
Featured Articles
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.
Article originally posted on mongodb google news. Visit mongodb google news