Wealthfront Advisers LLC Has $1.39 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

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Wealthfront Advisers LLC Has $1.39 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

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Wealthfront Advisers LLC boosted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,004 shares of the company’s stock after buying an additional 472 shares during the quarter. Wealthfront Advisers LLC’s holdings in MongoDB were worth $1,385,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MDB. Simplicity Solutions LLC boosted its stake in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after purchasing an additional 25 shares in the last quarter. AJ Wealth Strategies LLC boosted its stake in shares of MongoDB by 1.2% during the second quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock valued at $982,000 after purchasing an additional 28 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of MongoDB by 1.4% in the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after acquiring an additional 32 shares during the period. Veritable L.P. lifted its stake in shares of MongoDB by 1.4% in the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock worth $954,000 after acquiring an additional 33 shares during the period. Finally, Choreo LLC lifted its stake in shares of MongoDB by 3.5% in the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock worth $427,000 after acquiring an additional 35 shares during the period. 88.89% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 2.3 %

MDB stock opened at $401.05 on Monday. The stock’s fifty day simple moving average is $400.77 and its two-hundred day simple moving average is $380.41. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB, Inc. has a 1-year low of $179.52 and a 1-year high of $442.84.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. During the same quarter in the previous year, the firm earned ($1.23) earnings per share. The business’s revenue was up 29.8% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -1.64 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $332.23, for a total value of $1,328,920.00. Following the transaction, the director now owns 1,191,159 shares of the company’s stock, valued at $395,738,754.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $332.23, for a total transaction of $1,328,920.00. Following the transaction, the director now owns 1,191,159 shares of the company’s stock, valued at approximately $395,738,754.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,277 shares of company stock valued at $56,803,711. Insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of a number of recent analyst reports. TheStreet raised MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Wells Fargo & Company initiated coverage on MongoDB in a research note on Thursday, November 16th. They issued an “overweight” rating and a $500.00 price objective on the stock. Piper Sandler lifted their price objective on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price for the company in a report on Wednesday, November 8th. Finally, Royal Bank of Canada lifted their target price on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $430.41.

Get Our Latest Research Report on MongoDB

MongoDB Company Profile

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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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