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The Manufacturers Life Insurance Company increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 42,038 shares of the company’s stock after purchasing an additional 1,096 shares during the period. The Manufacturers Life Insurance Company’s holdings in MongoDB were worth $8,356,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of MDB. William Blair Investment Management LLC grew its holdings in MongoDB by 2,354.2% during the fourth quarter. William Blair Investment Management LLC now owns 387,366 shares of the company’s stock worth $76,249,000 after purchasing an additional 371,582 shares during the period. Marshall Wace LLP grew its holdings in MongoDB by 87.4% during the third quarter. Marshall Wace LLP now owns 696,998 shares of the company’s stock worth $138,396,000 after purchasing an additional 325,136 shares during the period. National Bank of Canada FI lifted its position in MongoDB by 5,168.6% during the fourth quarter. National Bank of Canada FI now owns 273,069 shares of the company’s stock worth $53,751,000 after acquiring an additional 267,886 shares during the last quarter. First Trust Advisors LP lifted its position in MongoDB by 72.9% during the fourth quarter. First Trust Advisors LP now owns 613,818 shares of the company’s stock worth $120,935,000 after acquiring an additional 258,783 shares during the last quarter. Finally, Eventide Asset Management LLC lifted its position in MongoDB by 236.2% during the third quarter. Eventide Asset Management LLC now owns 289,160 shares of the company’s stock worth $57,416,000 after acquiring an additional 203,160 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
MongoDB Price Performance
Shares of NASDAQ MDB traded up $3.21 during midday trading on Monday, reaching $377.72. 469,345 shares of the company were exchanged, compared to its average volume of 1,772,132. The stock’s 50-day moving average price is $263.28 and its 200-day moving average price is $223.13. The stock has a market cap of $26.46 billion, a P/E ratio of -80.41 and a beta of 1.04. MongoDB, Inc. has a one year low of $135.15 and a one year high of $398.89. 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 (NASDAQ:MDB – Get Rating) last posted its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.15) earnings per share. On average, sell-side analysts anticipate that MongoDB, Inc. will post -2.85 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
MDB has been the subject of several research reports. JMP Securities raised their price objective on shares of MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. Piper Sandler lifted their price target on shares of MongoDB from $270.00 to $400.00 in a research report on Friday, June 2nd. William Blair reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, June 2nd. Robert W. Baird lifted their price target on shares of MongoDB from $230.00 to $290.00 in a research report on Wednesday, May 31st. Finally, Needham & Company LLC lifted their price target on shares of MongoDB from $250.00 to $430.00 in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $328.35.
Insider Buying and Selling
In related news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the sale, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other MongoDB news, CRO Cedric Pech sold 720 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $164,397.60. Following the sale, the executive now owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total transaction of $138,145.70. Following the sale, the chief accounting officer now directly owns 17,706 shares in the company, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Insiders have sold a total of 106,682 shares of company stock valued at $26,516,196 over the last 90 days. 4.80% of the stock is owned by insiders.
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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