UNICOM Systems Inc. Raises Position in MongoDB, Inc. (NASDAQ:MDB)

UNICOM Systems Inc. grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 116.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,500 shares of the company's stock after buying an additional 24,500 shares during the quarter. MongoDB comprises 1.6% of UNICOM Systems Inc.'s investment portfolio, making the stock its 13th biggest holding. UNICOM Systems Inc. owned 0.06% of MongoDB worth $7,981,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after buying an additional 372 shares during the period. 111 Capital acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $390,000. Park Avenue Securities LLC lifted 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 valued at $461,000 after buying an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MongoDB by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock valued at $1,359,000 after buying an additional 298 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of MongoDB in the 1st quarter valued at approximately $263,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 3,747 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $206.05, for a total transaction of $772,069.35. Following the completion of the sale, the chief executive officer owned 253,227 shares of the company's stock, valued at approximately $52,177,423.35. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the business's 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 sale, the director directly owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,746 shares of company stock valued at $7,500,196. Company insiders own 3.10% of the company's stock.

MongoDB Stock Up 4.2%

Shares of NASDAQ:MDB traded up $8.89 during midday trading on Thursday, reaching $218.53. The company's stock had a trading volume of 2,240,733 shares, compared to its average volume of 1,983,121. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of -191.69 and a beta of 1.41. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00. The business has a 50 day moving average price of $201.86 and a 200 day moving average price of $213.26.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDB. Mizuho reduced their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Wolfe Research initiated coverage on MongoDB in a report on Wednesday, July 9th. They issued an "outperform" rating and a $280.00 price target for the company. Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $350.00 to $190.00 in a report on Tuesday, May 20th. Monness Crespi & Hardt raised MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price objective for the company in a report on Thursday, June 5th. Finally, UBS Group lifted their price objective on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $282.39.

About MongoDB

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.