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Western Wealth Management LLC Buys 1615 Shares of MongoDB, Inc. (NASDAQ:MDB)

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Posted on mongodb google news. Visit mongodb google news

Western Wealth Management LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 160.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,620 shares of the company’s stock after purchasing an additional 1,615 shares during the quarter. Western Wealth Management LLC’s holdings in MongoDB were worth $906,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Atika Capital Management LLC grew its stake in shares of MongoDB by 5.3% during the 2nd quarter. Atika Capital Management LLC now owns 31,500 shares of the company’s stock valued at $12,946,000 after purchasing an additional 1,575 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of MongoDB by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after purchasing an additional 168 shares during the period. Raymond James & Associates grew its stake in shares of MongoDB by 227.2% during the 2nd quarter. Raymond James & Associates now owns 39,361 shares of the company’s stock valued at $16,177,000 after purchasing an additional 27,331 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MongoDB during the 2nd quarter valued at about $6,704,000. Finally, American Trust bought a new position in shares of MongoDB during the 2nd quarter valued at approximately $349,000. 88.89% of the stock is currently owned by institutional investors.

MongoDB Stock Up 6.6 %

Shares of MDB opened at $436.01 on Friday. MongoDB, Inc. has a 1 year low of $189.59 and a 1 year high of $442.84. The business’s 50 day simple moving average is $403.38 and its 200-day simple moving average is $381.58. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating 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 company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. During the same quarter in the prior year, the firm posted ($1.23) EPS. MongoDB’s quarterly revenue was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that MongoDB, Inc. will post -1.63 EPS for the current year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 359 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 16,313 shares in the company, valued at approximately $6,596,650.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other MongoDB news, CAO Thomas Bull sold 359 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 16,313 shares in the company, valued at $6,596,650.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 100,500 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the completion of the sale, the chief executive officer now owns 214,177 shares in the company, valued at approximately $80,316,375. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,277 shares of company stock worth $55,549,581. Company insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MDB shares. Stifel Nicolaus reiterated a “buy” rating and set a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $495.00 price objective on shares of MongoDB in a research note on Wednesday, January 17th. UBS Group reiterated a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. JMP Securities reiterated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Finally, Piper Sandler boosted their price objective on MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $429.50.

Read Our Latest Stock Analysis on MDB

MongoDB Company 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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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

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