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The most recent 13F filing that US Bancorp DE has made with the Securities and Exchange Commission reveals that during the third quarter of this year, the company decreased its stake in MongoDB, Inc. (NASDAQ: MDB) by 15.1%. The corporation had 3,087 shares of the company’s stock at the time of sale, having previously sold 549 of those shares during the relevant period. At the end of the most recent financial quarter, US Bancorp DE’s holdings in MongoDB were calculated to be USD 612,000.
Several well-known investors have recently made modifications to the number of shares of the company’s stock they own. Prentice Wealth Management LLC increased its investment in MongoDB by approximately $26,000 during the second quarter as part of an expansion of the company’s overall holdings in the company. During the second quarter, approximately $28,000 was put toward acquiring additional MongoDB ownership shares by Venture Visionary Partners LLC. During the period covered by the second quarter report, UMB Bank, National Association saw a 422.6% increase in the value of its holdings in MongoDB. After purchasing an additional 131 shares during the most recent fiscal quarter, UMB Bank n.a. now has 162 shares of the company’s stock, which are worth a combined sum of $42,000. This brings the total number of shares owned by the institution to 162. Lindbrook Capital LLC grew its holdings in MongoDB by 41.5% during the second quarter by purchasing additional company shares. Lindbrook Capital LLC now directly owns 174 shares of the company’s stock, which are worth a total of $45,000 after purchasing an additional 51 shares during the most recent fiscal quarter of the company. These 174 shares were acquired following the acquisition of an additional 51 shares. During the second quarter of 2018, First Horizon Advisors Inc. increased the amount of MongoDB stock owned by 510.3%, making this the last and most important point. First Horizon Advisors Inc. now has 177 shares, valued at $44,000, after purchasing an additional 148 shares during the most recent quarter. To the tune of 84.86% of the company’s shares, hedge funds and various other institutional investors are the proud owners.
There have been several different brokerages that have released statements regarding MDB. The “buy” rating and price goal for MongoDB that Goldman Sachs Group had previously set at $380.00 were reduced to $325.00 in a research report issued on December 7. Citigroup announced in a research report published on December 7 that they would be increasing their price target for MongoDB from $295.00 to $300.00. JMP Securities upgraded MongoDB from a rating of “market perform” to an “outperform” level and set a target price of $215.00 on the company in a research report that was made public on Wednesday, December 7. JMP Securities also set a price target of $215.00 for the company. Wedbush published a research note on MongoDB shares on Wednesday, December 14, announcing the company’s intention to cover the stock moving forward. They gave the company an “outperform” rating and anticipated that it would reach a price of $240.00 by the end of their forecast. The price target that Robert W. Baird has set for MongoDB shares has increased from $205.00 to $230.00, as stated in a research report that was published on Wednesday, December 7. The agenda was complete, and this was the final and most important item. Nineteen of the stock research specialists polled advocated for the company’s purchase, while only three suggested that investors maintain their current holdings. The information provided by Bloomberg indicates that the stock is currently rated as having an average recommendation of “Moderate Buy,” It currently has a price target of $266.90.
On Friday, trading in MDB stock began at $197.86, which was unchanged from the previous trading day. The simple moving average of the company’s stock price over the past 50 days is $180.81, and the simple moving average over the past 200 days is $229.04. The debt-to-equity ratio stands at 1.66, the quick ratio is 4.10, and the current ratio stands at 4.10. The company has a market value of $13.71 billion, and its PE ratio is estimated at -36.85. Its beta value is 0.89. MongoDB, Inc. hit a low point over the past 52 weeks of $135.15, while the company hit a high point over the past 52 weeks of $471.96.
On Tuesday, December 6, MongoDB (NASDAQ: MDB) made its most recent quarterly results report available to the public. The company’s earnings per share (EPS) came in at $1.23 for the quarter, which was $0.25 more than the average projection made by industry experts, who anticipated $1.48%. The actual revenue for the quarter was $333.62 million, which was significantly higher than the average estimate of $302.39 million for the revenue generated during the quarter. Both the return on equity and the net margin for MongoDB were in red. The return on equity was -52.50%, and the net margin for the company was -30.73%. The majority opinion financial industry professionals hold is that MongoDB, Inc. will report a loss of $4.65 per share during the current fiscal year.
According to reports from other sources regarding MongoDB, Director Hope F. Cochran sold 1,175 shares of the company’s stock on December 15. This information was obtained from the company’s public filings. The cost of purchasing all of the shares came to a total of 245,163.75 dollars, which works out to a price of 208.65 dollars per share on average. The director is now the direct owner of 7,674 company shares, which have a combined value of approximately $1,601,180.10 as a result of the successful completion of the transaction. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. On January 3, 2019, MongoDB CEO Dev Ittycheria was reported to have sold 39,382 shares of the company’s stock. This news was included in other recent headlines regarding this subject. During the sale, each share was purchased for an average price of $199.96; this resulted in a total value of the transaction equal to 7,874,824.72 dollars. After the completion of the sale, the chief executive officer now has direct ownership of 190,264 shares of the company, which have a combined value of $38,045,189.44. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. Hope F. Cochran, a director of the company, divested herself of an additional 1,175 shares of the common stock of the business on December 15. The sale of the shares resulted in total revenue of 245,163.75 dollars, equivalent to $208.65 for each share sold. The director is now the direct owner of 7,674 company shares, which have a combined value of $1,601,180.10 as a result of the successful completion of the transaction. You may find the disclosure regarding the sale in this section. Business insiders were responsible for the sale of 58,074 shares of stock during the preceding period of three months, which resulted in a total value of $11,604,647. Corporate insiders own 5.70% of the total number of shares in the company.
A company that goes by the name MongoDB, Inc. is the one that is in charge of the development and marketing of a platform for databases that are utilized for a variety of purposes. The business provides a variety of products, some of which include the following: MongoDB Community Server, MongoDB Atlas, and MongoDB Enterprise Advanced. In addition, it offers to consult and train as additional components of its professional services. The company is traditionally considered to have been established by Dwight A. Schwartz and Eliot Horowitz.