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A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Confluence Wealth Services Inc. purchased a new position in shares of MongoDB during the 4th quarter valued at $25,000. Bank of New Hampshire purchased a new position in shares of MongoDB during the 1st quarter valued at $25,000. Covestor Ltd purchased a new position in shares of MongoDB during the 4th quarter valued at $43,000. Montag A & Associates Inc. grew its position in shares of MongoDB by 200.0% during the 4th quarter. Montag A & Associates Inc. now owns 108 shares of the company’s stock valued at $57,000 after purchasing an additional 72 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of MongoDB by 50.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 210 shares of the company’s stock valued at $111,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.
Insider Activity
In other news, CEO Dev Ittycheria sold 35,000 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $321.10, for a total transaction of $11,238,500.00. Following the completion of the transaction, the chief executive officer now directly owns 204,744 shares of the company’s stock, valued at $65,743,298.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Dev Ittycheria sold 35,000 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the transaction, the chief executive officer now directly owns 204,744 shares of the company’s stock, valued at $65,743,298.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 14,000 shares of the stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $349.22, for a total transaction of $4,889,080.00. Following the completion of the transaction, the director now directly owns 1,323,384 shares of the company’s stock, valued at $462,152,160.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,185 shares of company stock valued at $23,594,636. Insiders own 5.70% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Oppenheimer cut their target price on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Redburn Partners assumed coverage on shares of MongoDB in a research report on Wednesday, June 29th. They issued a “sell” rating and a $190.00 target price for the company. UBS Group upped their target price on shares of MongoDB from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Credit Suisse Group cut their target price on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Finally, Needham & Company LLC upped their target price on shares of MongoDB from $310.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $401.17.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $281.17 on Tuesday. The company has a market cap of $19.15 billion, a price-to-earnings ratio of -58.09 and a beta of 0.91. The company has a 50-day moving average price of $267.40 and a 200-day moving average price of $346.74. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 1.69. MongoDB, Inc. has a 12 month low of $213.39 and a 12 month high of $590.00.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, beating the consensus estimate of ($1.34) by $0.19. The firm had revenue of $285.45 million during the quarter, compared to the consensus estimate of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.98) earnings per share. As a group, equities analysts anticipate that MongoDB, Inc. will post -5.09 EPS for the current year.
MongoDB Company 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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