Krane Funds Advisors LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,235 shares of the company's stock, valued at approximately $217,000.
Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after buying an additional 372 shares during the last quarter. Jones Financial Companies Lllp grew its position in MongoDB by 68.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after acquiring an additional 413 shares during the period. Smartleaf Asset Management LLC increased its stake in MongoDB by 56.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock worth $87,000 after acquiring an additional 134 shares during the last quarter. 111 Capital purchased a new position in shares of MongoDB in the 4th quarter worth about $390,000. Finally, Park Avenue Securities LLC raised its holdings in shares of MongoDB by 52.6% in the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after purchasing an additional 907 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Cantor Fitzgerald increased their target price on shares of MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Guggenheim lifted their target price on shares of MongoDB from $235.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Citigroup decreased their price target on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Barclays raised their price objective on MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $320.00 target price on shares of MongoDB in a research report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $282.47.
View Our Latest Stock Analysis on MongoDB
MongoDB Stock Down 0.8%
MDB stock traded down $1.61 during mid-day trading on Wednesday, reaching $204.43. The company had a trading volume of 2,169,154 shares, compared to its average volume of 1,958,870. The stock's 50-day simple moving average is $193.07 and its two-hundred day simple moving average is $216.17. The stock has a market capitalization of $16.70 billion, a P/E ratio of -179.32 and a beta of 1.41. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business posted $0.51 EPS. MongoDB's revenue was up 21.8% on a year-over-year basis. On average, research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 25,005 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer directly owned 256,974 shares in the company, valued at approximately $60,131,916. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,999 shares of company stock valued at $6,728,127 in the last three months. 3.10% of the stock is currently owned by corporate insiders.
About MongoDB
(
Free Report)
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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