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Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Commerce Bank raised its stake in MongoDB by 1.7% in the 4th quarter. Commerce Bank now owns 1,413 shares of the company’s stock worth $747,000 after acquiring an additional 24 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in MongoDB by 6.9% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Profund Advisors LLC grew its position in MongoDB by 5.2% during the 4th quarter. Profund Advisors LLC now owns 647 shares of the company’s stock worth $342,000 after purchasing an additional 32 shares during the period. Ieq Capital LLC grew its position in MongoDB by 2.3% during the 1st quarter. Ieq Capital LLC now owns 1,485 shares of the company’s stock worth $659,000 after purchasing an additional 34 shares during the period. Finally, Wedbush Securities Inc. grew its position in MongoDB by 1.8% during the 1st quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.
MongoDB Stock Up 8.2 %
MDB stock opened at $307.57 on Thursday. MongoDB, Inc. has a 52 week low of $213.39 and a 52 week high of $590.00. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $269.38 and a 200 day simple moving average of $346.03. The company has a market cap of $20.95 billion, a PE ratio of -63.55 and a beta of 0.91.
MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The company had revenue of $285.45 million for the quarter, compared to analyst estimates of $267.10 million. During the same period in the previous year, the firm earned ($0.98) earnings per share. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. Sell-side analysts anticipate that MongoDB, Inc. will post -5.08 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MDB. Stifel Nicolaus dropped their target price on MongoDB from $425.00 to $340.00 in a research report on Thursday, June 2nd. Citigroup raised their target price on shares of MongoDB from $405.00 to $425.00 in a research note on Thursday, June 2nd. Robert W. Baird assumed coverage on shares of MongoDB in a research report on Tuesday, July 12th. They set an “outperform” rating and a $360.00 price target on the stock. Mizuho reduced their price target on shares of MongoDB from $325.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 18th. Finally, Needham & Company LLC boosted their target price on MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.
Insider Buying and Selling
In other news, CRO Cedric Pech sold 350 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total transaction of $92,561.00. Following the completion of the transaction, the executive now owns 45,785 shares in the company, valued at approximately $12,108,301.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 14,000 shares of MongoDB stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $349.22, for a total value of $4,889,080.00. Following the transaction, the director now directly owns 1,323,384 shares of the company’s stock, valued at approximately $462,152,160.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the completion of the transaction, the executive now directly owns 45,785 shares in the company, valued at $12,108,301.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,185 shares of company stock worth $23,594,636. 5.70% of the stock is owned by corporate insiders.
MongoDB Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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