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Sunbelt Securities Inc. Raises Position in MongoDB, Inc. (NASDAQ:MDB) – Defense World

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Posted on mongodb google news. Visit mongodb google news

Sunbelt Securities Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 155.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125 shares of the company’s stock after buying an additional 76 shares during the quarter. Sunbelt Securities Inc.’s holdings in MongoDB were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MDB. Norges Bank purchased a new position in MongoDB in the fourth quarter worth about $326,237,000. Axiom Investors LLC DE bought a new position in MongoDB in the fourth quarter worth approximately $153,990,000. Clearbridge Investments LLC boosted its stake in shares of MongoDB by 10,827.8% during the 4th quarter. Clearbridge Investments LLC now owns 212,983 shares of the company’s stock worth $87,078,000 after acquiring an additional 211,034 shares during the last quarter. First Trust Advisors LP increased its stake in shares of MongoDB by 59.3% in the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after purchasing an additional 204,284 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. Mizuho decreased their price objective on MongoDB from $380.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Truist Financial reduced their price objective on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company lowered their target price on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. DA Davidson raised MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday, May 31st. Finally, Canaccord Genuity Group cut their target price on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $361.30.

View Our Latest Analysis on MDB

MongoDB Trading Up 2.4 %

NASDAQ:MDB opened at $249.96 on Monday. The firm has a 50-day simple moving average of $304.59 and a 200-day simple moving average of $365.94. MongoDB, Inc. has a one year low of $214.74 and a one year high of $509.62. The firm has a market cap of $18.33 billion, a P/E ratio of -88.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The company had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. Equities analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold a total of 59,976 shares of company stock valued at $19,407,963 over the last quarter. 3.60% of the stock is owned by corporate insiders.

MongoDB Company Profile

(Free Report)

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.

Further Reading

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:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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