Tidal Investments LLC Purchases 5,191 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Tidal Investments LLC boosted its holdings in MongoDB, Inc. (NASDAQ:MDBFree Report) by 222.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,523 shares of the company’s stock after buying an additional 5,191 shares during the period. Tidal Investments LLC’s holdings in MongoDB were worth $2,698,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in shares of MongoDB in the 4th quarter valued at about $25,000. Blue Trust Inc. lifted its stake in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of MongoDB in the 1st quarter valued at about $41,000. Sunbelt Securities Inc. lifted its stake in shares of MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after purchasing an additional 76 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of MongoDB in the 4th quarter valued at about $50,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDB. JMP Securities reduced their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research note on Friday, May 31st. Piper Sandler dropped their target price on MongoDB from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Truist Financial dropped their target price on MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Scotiabank dropped their target price on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a report on Monday, June 3rd. Finally, Canaccord Genuity Group dropped their target price on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.74.

Get Our Latest Research Report on MongoDB

MongoDB Stock Performance

NASDAQ:MDB traded down $13.03 during midday trading on Thursday, reaching $239.33. 1,842,062 shares of the company traded hands, compared to its average volume of 1,526,907. MongoDB, Inc. has a twelve month low of $214.74 and a twelve month high of $509.62. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of -84.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The company has a fifty day moving average price of $254.36 and a 200 day moving average price of $343.00.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting 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 business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. On average, analysts expect that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total value of $1,261,150.00. Following the completion of the sale, the chief financial officer now owns 81,942 shares of the company’s stock, valued at approximately $20,668,230.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,179 shares of company stock worth $9,156,689. 3.60% of the stock is owned by company insiders.

MongoDB 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

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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