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

Raymond James & Associates increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDBFree Report) by 14.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,557 shares of the company’s stock after acquiring an additional 7,510 shares during the period. Raymond James & Associates owned about 0.08% of MongoDB worth $24,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares in the last quarter. Jennison Associates LLC raised its position in MongoDB by 87.8% during the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. State Street Corp raised its position in MongoDB by 1.8% during the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after purchasing an additional 24,595 shares in the last quarter. 1832 Asset Management L.P. raised its position in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of MongoDB by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 967,289 shares of the company’s stock worth $225,174,000 after acquiring an additional 35,541 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDB has been the subject of several recent research reports. Tigress Financial boosted their price target on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays boosted their price target on MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Mizuho boosted their price target on MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 6th. Finally, Citigroup boosted their price target on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.85.

Read Our Latest Analysis on MongoDB

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now 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 can be accessed through this link. In related news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The disclosure for this sale can be found here. Insiders have sold 54,607 shares of company stock worth $23,116,062 over the last quarter. 4.80% of the stock is currently owned by insiders.

MongoDB Stock Down 0.0 %

MongoDB stock opened at $358.64 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The business’s 50-day simple moving average is $414.58 and its two-hundred day simple moving average is $389.99. The company has a market cap of $25.89 billion, a PE ratio of -144.61 and a beta of 1.24. MongoDB, Inc. has a fifty-two week low of $198.72 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. Equities analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

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.

See Also

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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