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Sandler Capital Management purchased a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 13,838 shares of the company’s stock, valued at approximately $5,687,000.
Several other hedge funds and other institutional investors have also modified their holdings of MDB. Raymond James & Associates boosted its holdings in shares of MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its position in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after purchasing an additional 206 shares during the last quarter. MetLife Investment Management LLC bought a new stake in MongoDB in the 1st quarter valued at about $1,823,000. Panagora Asset Management Inc. lifted its position in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares during the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
MDB has been the topic of several recent research reports. Scotiabank began coverage on shares of MongoDB in a research report on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price objective on the stock. Bank of America began coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 price target on the stock. Truist Financial restated a “buy” rating and set a $430.00 price target on shares of MongoDB in a research report on Monday, November 13th. UBS Group boosted their price target on shares of MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a research report on Friday, September 1st. Finally, JMP Securities boosted their target price on shares of MongoDB from $425.00 to $440.00 and gave the stock a “market outperform” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $432.44.
View Our Latest Analysis on MDB
Insiders Place Their Bets
In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total transaction of $1,854,100.00. Following the transaction, the chief financial officer now directly owns 101,509 shares of the company’s stock, valued at $37,641,567.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total transaction of $1,854,100.00. Following the transaction, the chief financial officer now directly owns 101,509 shares of the company’s stock, valued at $37,641,567.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total value of $37,687,500.00. Following the sale, the chief executive officer now owns 214,177 shares of the company’s stock, valued at approximately $80,316,375. The disclosure for this sale can be found here. Insiders have sold 305,511 shares of company stock valued at $108,766,329 in the last ninety days. Company insiders own 4.80% of the company’s stock.
MongoDB Trading Up 3.6 %
Shares of MongoDB stock opened at $395.39 on Tuesday. MongoDB, Inc. has a 1 year low of $164.59 and a 1 year high of $442.84. The stock has a fifty day moving average price of $372.20 and a 200-day moving average price of $374.60. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The firm has a market cap of $28.21 billion, a PE ratio of -149.77 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.51 by $0.45. The business had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company earned ($1.23) EPS. Equities research analysts anticipate that MongoDB, Inc. will post -1.64 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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Article originally posted on mongodb google news. Visit mongodb google news