Raymond James & Associates Buys 7,510 Shares of MongoDB, Inc. (NASDAQ:MDB)

Raymond James & Associates lifted its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,557 shares of the company's stock after acquiring an additional 7,510 shares during the quarter. Raymond James & Associates owned approximately 0.08% of MongoDB worth $24,759,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDB. KB Financial Partners LLC acquired a new position in MongoDB during the 2nd quarter worth $27,000. Bessemer Group Inc. bought a new stake in shares of MongoDB during the 4th quarter valued at $29,000. BluePath Capital Management LLC bought a new stake in shares of MongoDB during the 3rd quarter valued at $30,000. Cullen Frost Bankers Inc. bought a new stake in shares of MongoDB during the 3rd quarter valued at $35,000. Finally, AM Squared Ltd bought a new stake in shares of MongoDB during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Stock Down 0.0 %

Shares of MongoDB stock traded down $0.16 during trading hours on Friday, reaching $358.64. 893,381 shares of the company's stock were exchanged, compared to its average volume of 1,729,978. The company has a 50 day moving average of $414.58 and a two-hundred day moving average of $390.12. MongoDB, Inc. has a fifty-two week low of $198.72 and a fifty-two week high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market cap of $25.89 billion, a P/E ratio of -144.61 and a beta of 1.24.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on MDB. Piper Sandler upped their target price on shares of MongoDB from $425.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, December 6th. JMP Securities restated a "market outperform" rating and issued a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Needham & Company LLC restated a "buy" rating and issued a $495.00 price objective on shares of MongoDB in a research report on Wednesday, January 17th. Redburn Atlantic restated a "sell" rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, Tigress Financial upped their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $449.85.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 359 shares of the firm's stock in a transaction dated Tuesday, January 2nd. The shares were 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 directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, CAO Thomas Bull sold 359 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. The shares were 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 directly owns 16,313 shares in the company, valued at $6,596,650.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Cedric Pech sold 1,248 shares of the firm's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the sale, the executive now owns 25,425 shares of the company's stock, valued at $10,170,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,607 shares of company stock worth $23,116,062. Insiders own 4.80% of the company's stock.

MongoDB Profile

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.