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Sowell Financial Services LLC purchased a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,502 shares of the company’s stock, valued at approximately $263,000.
Other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in MongoDB during the fourth quarter valued at approximately $29,000. NCP Inc. acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $35,000. Coppell Advisory Solutions LLC lifted its position in shares of MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock valued at $54,000 after buying an additional 182 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of MongoDB by 56.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock valued at $87,000 after buying an additional 134 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of MongoDB by 72.0% in the fourth quarter. J.Safra Asset Management Corp now owns 387 shares of the company’s stock valued at $91,000 after buying an additional 162 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Piper Sandler raised their price objective on MongoDB from $200.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, June 5th. Oppenheimer cut their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus cut their price objective on MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Daiwa Capital Markets assumed coverage on MongoDB in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price objective for the company. Finally, KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.
View Our Latest Research Report on MongoDB
Insider Buying and Selling at MongoDB
In related news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the transaction, the director now directly owns 21,096 shares of the company’s stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,382 shares of company stock worth $10,403,807. Insiders own 3.10% of the company’s stock.
MongoDB Price Performance
MDB stock traded down $2.65 during midday trading on Friday, reaching $201.50. 3,609,482 shares of the stock were exchanged, compared to its average volume of 1,963,536. The stock has a market capitalization of $16.46 billion, a PE ratio of -176.75 and a beta of 1.39. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $370.00. The company has a fifty day moving average price of $185.96 and a 200 day moving average price of $221.16.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the previous year, the company posted $0.51 EPS. MongoDB’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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