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Wafra Inc. Boosts Stock Position in MongoDB, Inc. (NASDAQ:MDB) – MarketBeat

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Posted on mongodb google news. Visit mongodb google news

Wafra Inc. increased its stake in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 9.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 93,899 shares of the company’s stock after acquiring an additional 8,322 shares during the period. Wafra Inc. owned approximately 0.13% of MongoDB worth $32,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC raised its position in shares of MongoDB by 101,056.3% in the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after purchasing an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter valued at approximately $147,735,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of MongoDB by 77.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after acquiring an additional 248,133 shares during the last quarter. Finally, Dorsal Capital Management LLC increased its holdings in shares of MongoDB by 100.0% in the 4th quarter. Dorsal Capital Management LLC now owns 400,000 shares of the company’s stock valued at $78,736,000 after acquiring an additional 200,000 shares during the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Thomas Bull sold 359 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total value of $13,390,410.00. Following the completion of the sale, the chief executive officer now owns 198,166 shares in the company, valued at approximately $80,409,817.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 359 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,777 shares of company stock valued at $33,554,031. Insiders own 4.80% of the company’s stock.

MongoDB Stock Up 5.4 %

MDB stock traded up $25.78 during mid-day trading on Friday, hitting $500.90. The stock had a trading volume of 2,171,178 shares, compared to its average volume of 1,378,067. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. MongoDB, Inc. has a 1-year low of $189.59 and a 1-year high of $507.25. The company has a fifty day moving average of $405.56 and a 200 day moving average of $381.86. The stock has a market capitalization of $36.15 billion, a price-to-earnings ratio of -190.27 and a beta of 1.24.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.23) EPS. On average, equities analysts expect that MongoDB, Inc. will post -1.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price target for the company in a report on Wednesday, November 8th. Mizuho upped their price objective on MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. Needham & Company LLC restated a “buy” rating and set a $495.00 price objective on shares of MongoDB in a research note on Wednesday, January 17th. KeyCorp lowered their price objective on MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $429.50.

Get Our Latest Stock Analysis on MongoDB

MongoDB Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDBFree Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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Article originally posted on mongodb google news. Visit mongodb google news

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