Amalgamated Bank Buys 340 Shares of MongoDB, Inc. (NASDAQ:MDB)

Amalgamated Bank grew its position in MongoDB, Inc. (NASDAQ:MDBFree Report) by 4.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,548 shares of the company’s stock after acquiring an additional 340 shares during the period. Amalgamated Bank’s holdings in MongoDB were worth $2,611,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MDB. KB Financial Partners LLC bought a new stake in MongoDB during the 2nd quarter worth approximately $27,000. Bessemer Group Inc. acquired a new position in shares of MongoDB during the fourth quarter worth $29,000. BluePath Capital Management LLC bought a new stake in shares of MongoDB in the third quarter worth $30,000. Cullen Frost Bankers Inc. acquired a new stake in MongoDB in the third quarter valued at $35,000. Finally, AM Squared Ltd acquired a new stake in MongoDB in the third quarter valued at $35,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. DA Davidson reiterated a “neutral” rating and issued a $405.00 price target on shares of MongoDB in a research report on Friday, January 26th. Piper Sandler upped their target price on MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Needham & Company LLC restated a “buy” rating and set a $495.00 price target on shares of MongoDB in a report on Wednesday, January 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a research note on Monday, December 4th. Finally, Barclays increased their price objective on shares of MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $429.50.

Check Out Our Latest Analysis on MongoDB

MongoDB Price Performance

Shares of NASDAQ MDB opened at $500.90 on Monday. The stock has a market cap of $36.15 billion, a price-to-earnings ratio of -189.73 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. MongoDB, Inc. has a fifty-two week low of $189.59 and a fifty-two week high of $507.25. The firm’s 50-day simple moving average is $408.06 and its 200 day simple moving average is $382.88.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company earned ($1.23) earnings per share. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts anticipate that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company’s stock, valued at approximately $222,136,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the sale, the director now directly owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $437.99, for a total value of $2,627,940.00. Following the completion of the transaction, the director now owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Insiders have sold 81,777 shares of company stock valued at $33,554,031 in the last three months. 4.80% of the stock is currently owned by insiders.

MongoDB 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.

Further Reading

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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