US Bancorp DE Buys 321 Shares of MongoDB, Inc. (NASDAQ:MDB) - Defense World

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US Bancorp DE Buys 321 Shares of MongoDB, Inc. (NASDAQ:MDB) – Defense World

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US Bancorp DE raised its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,190 shares of the company’s stock after purchasing an additional 321 shares during the period. US Bancorp DE’s holdings in MongoDB were worth $975,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in MongoDB in the third quarter valued at approximately $36,000. Continuum Advisory LLC grew its holdings in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. NCP Inc. bought a new stake in MongoDB during the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in MongoDB in the 3rd quarter valued at $44,000. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the sale, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,314 shares of company stock valued at $12,981,833 over the last ninety days. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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Several research analysts recently weighed in on MDB shares. DA Davidson boosted their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Citigroup boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Cantor Fitzgerald assumed coverage on shares of MongoDB in a report on Wednesday. They issued an “overweight” rating and a $344.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

Check Out Our Latest Analysis on MongoDB

MongoDB Stock Down 2.8 %

MongoDB stock opened at $187.65 on Monday. The firm has a fifty day simple moving average of $261.68 and a two-hundred day simple moving average of $274.47. MongoDB, Inc. has a twelve month low of $181.05 and a twelve month high of $387.19. The company has a market capitalization of $13.97 billion, a PE ratio of -68.49 and a beta of 1.30.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

MongoDB Profile

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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.

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