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SeaTown Holdings Pte. Ltd. bought a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $5,828,000.
A number of other large investors have also recently modified their holdings of MDB. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC boosted its holdings in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares during the period. Y.D. More Investments Ltd purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $36,000. Finally, CI Investments Inc. boosted its holdings in shares of MongoDB by 126.8% in the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 89.22% of the company’s stock.
MongoDB Price Performance
Shares of MDB opened at $388.62 on Friday. The business’s 50-day moving average is $329.63 and its two-hundred day moving average is $252.90. 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 fifty-two week low of $135.15 and a fifty-two week high of $418.70.
MongoDB (NASDAQ:MDB – Free Report) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.38. The company 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 firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.15) EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.8 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CRO Cedric Pech sold 15,534 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total transaction of $3,883,500.00. Following the sale, the executive now directly owns 37,516 shares of the company’s stock, valued at approximately $9,379,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Thomas Bull sold 516 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the transaction, the chief accounting officer now directly owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Cedric Pech sold 15,534 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total transaction of $3,883,500.00. Following the completion of the transaction, the executive now directly owns 37,516 shares in the company, valued at $9,379,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,821 shares of company stock valued at $41,133,220. Company insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
MDB has been the subject of a number of research reports. Piper Sandler boosted their price target on MongoDB from $270.00 to $400.00 in a report on Friday, June 2nd. Robert W. Baird upped their target price on MongoDB from $390.00 to $430.00 in a report on Friday, June 23rd. Royal Bank of Canada upped their target price on MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Morgan Stanley upped their target price on MongoDB from $270.00 to $440.00 in a report on Friday, June 23rd. Finally, The Goldman Sachs Group upped their target price on MongoDB from $420.00 to $440.00 in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.30.
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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