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Tudor Investment Corp Et Al lifted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 1,080.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,762 shares of the company’s stock after acquiring an additional 22,665 shares during the quarter. Tudor Investment Corp Et Al’s holdings in MongoDB were worth $10,177,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in MDB. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB in the second quarter valued at about $26,000. Capital Advisors Ltd. LLC raised its holdings in MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Bessemer Group Inc. bought a new position in MongoDB in the fourth quarter worth about $29,000. Global Retirement Partners LLC raised its holdings in MongoDB by 346.7% in the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in MongoDB in the first quarter worth about $36,000. 88.89% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total transaction of $1,854,100.00. Following the completion of the transaction, the chief financial officer now directly owns 101,509 shares in the company, valued at approximately $37,641,567.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Thomas Bull sold 518 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $342.41, for a total transaction of $177,368.38. Following the completion of the transaction, the chief accounting officer now directly owns 16,672 shares in the company, valued at approximately $5,708,659.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total value of $1,854,100.00. Following the transaction, the chief financial officer now owns 101,509 shares of the company’s stock, valued at $37,641,567.38. The disclosure for this sale can be found here. Insiders sold 305,511 shares of company stock valued at $108,766,329 in the last three months. 4.80% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on MDB shares. Macquarie boosted their target price on shares of MongoDB from $434.00 to $456.00 in a report on Friday, September 1st. Canaccord Genuity Group boosted their target price on shares of MongoDB from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Mizuho upped their price objective on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $450.00 price objective on shares of MongoDB in a report on Monday, December 4th. Finally, Capital One Financial upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective on the stock in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $432.44.
Get Our Latest Stock Analysis on MongoDB
MongoDB Stock Down 0.6 %
NASDAQ MDB opened at $381.79 on Friday. The business has a fifty day moving average price of $371.27 and a 200 day moving average price of $372.45. MongoDB, Inc. has a one year low of $164.59 and a one year high of $442.84. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative return on equity of 21.68% and a negative net margin of 11.70%. The firm had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. During the same period in the prior year, the company earned ($1.23) EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts forecast that MongoDB, Inc. will post -2.17 EPS for the current fiscal year.
About MongoDB
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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