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ST Germain D J Co. Inc. purchased a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 110 shares of the company’s stock, valued at approximately $45,000.
A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in shares of MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after buying an additional 897,911 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after purchasing an additional 121,201 shares during the period. Jennison Associates LLC boosted its holdings in MongoDB by 101,056.3% in the second quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock worth $817,350,000 after purchasing an additional 1,986,767 shares during the period. State Street Corp boosted its holdings in MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after purchasing an additional 24,595 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after purchasing an additional 1,017,969 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.
MongoDB Price Performance
Shares of MongoDB stock opened at $420.17 on Friday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $377.91 and its two-hundred day moving average price is $377.47. MongoDB, Inc. has a 52 week low of $164.59 and a 52 week high of $442.84. The stock has a market cap of $29.98 billion, a PE ratio of -159.16 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly 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. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. During the same period in the previous year, the business earned ($1.23) earnings per share. MongoDB’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Dev Ittycheria sold 134,000 shares of MongoDB stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total value of $43,844,800.00. Following the transaction, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $71,357,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dev Ittycheria sold 134,000 shares of MongoDB stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total value of $43,844,800.00. Following the transaction, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $71,357,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $342.39, for a total value of $342,390.00. Following the completion of the transaction, the director now directly owns 534,896 shares in the company, valued at approximately $183,143,041.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 298,337 shares of company stock valued at $106,126,741. 4.80% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
MDB has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on shares of MongoDB in a report on Thursday, November 16th. They issued an “overweight” rating and a $500.00 price objective for the company. Mizuho lifted their price objective on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, December 6th. UBS Group lifted their price objective on shares of MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a report on Friday, September 1st. Royal Bank of Canada boosted their price target on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Finally, Bank of America assumed coverage on shares of MongoDB in a report on Thursday, October 12th. They set a “buy” rating and a $450.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $432.44.
View Our Latest Research Report on MongoDB
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.
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