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3,026 Shares in MongoDB, Inc. (NASDAQ:MDB) Purchased by Central Pacific Bank Trust Division

MongoDB logo with Computer and Technology background

Central Pacific Bank Trust Division acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 3,026 shares of the company's stock, valued at approximately $1,078,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of MongoDB by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company's stock valued at $2,797,521,000 after purchasing an additional 194,148 shares in the last quarter. Jennison Associates LLC grew its position in shares of MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company's stock valued at $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $326,237,000. First Trust Advisors LP grew its position in shares of MongoDB by 59.3% in the fourth quarter. First Trust Advisors LP now owns 549,052 shares of the company's stock valued at $224,480,000 after purchasing an additional 204,284 shares in the last quarter. Finally, Axiom Investors LLC DE purchased a new position in MongoDB in the fourth quarter worth approximately $153,990,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 273 shares of the firm's stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the transaction, the executive now owns 35,719 shares of the company's stock, valued at $9,475,893.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other MongoDB news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares of the company's stock, valued at approximately $4,568,824.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. Insiders have sold a total of 30,179 shares of company stock valued at $8,274,689 over the last quarter. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

Shares of MDB stock traded down $9.59 during mid-day trading on Tuesday, hitting $250.51. 2,009,294 shares of the stock were exchanged, compared to its average volume of 1,545,311. The stock's fifty day simple moving average is $292.24 and its two-hundred day simple moving average is $359.65. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of -89.15 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.


MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. On average, analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. KeyCorp lowered their price objective on MongoDB from $490.00 to $440.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Barclays lowered their price objective on MongoDB from $458.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, May 31st. Stifel Nicolaus decreased their price target on MongoDB from $435.00 to $300.00 and set a "buy" rating on the stock in a research note on Friday, May 31st. Needham & Company LLC restated a "buy" rating and set a $290.00 price target on shares of MongoDB in a research note on Thursday, June 13th. Finally, Mizuho decreased their price target on MongoDB from $380.00 to $250.00 and set a "neutral" rating on the stock in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus target price of $361.30.

Check Out Our Latest Stock Analysis on MDB

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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Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB - Free Report).

Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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