IFP Advisors Inc increased its stake in Mongodb Inc (NASDAQ:MDB) by 636.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 920 shares of the company’s stock after buying an additional 795 shares during the period. IFP Advisors Inc’s holdings in Mongodb were worth $74,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MDB. Schwab Charles Investment Management Inc. lifted its holdings in shares of Mongodb by 52.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,623 shares of the company’s stock valued at $379,000 after acquiring an additional 2,623 shares during the last quarter. FMR LLC lifted its holdings in shares of Mongodb by 7,986.7% in the 2nd quarter. FMR LLC now owns 2,268,485 shares of the company’s stock valued at $112,585,000 after acquiring an additional 2,240,433 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Mongodb by 184.1% in the 2nd quarter. Northern Trust Corp now owns 55,895 shares of the company’s stock valued at $2,774,000 after acquiring an additional 36,223 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Mongodb in the 3rd quarter valued at about $182,000. Finally, Mizuho Securities USA LLC bought a new position in shares of Mongodb in the 3rd quarter valued at about $359,000. Institutional investors and hedge funds own 54.36% of the company’s stock.
A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Mongodb from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, December 6th. Needham & Company LLC increased their price objective on shares of Mongodb from $85.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, December 6th. Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Tuesday, January 29th. Monness Crespi & Hardt increased their price objective on shares of Mongodb from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, December 6th. Finally, CIBC assumed coverage on shares of Mongodb in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $88.38.
Mongodb (NASDAQ:MDB) last issued its earnings results on Tuesday, December 4th. The company reported ($0.30) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.26. The business had revenue of $65.00 million for the quarter, compared to analyst estimates of $60.26 million. Mongodb had a negative net margin of 54.74% and a negative return on equity of 54.80%. The company’s quarterly revenue was up 56.6% compared to the same quarter last year. During the same period last year, the company posted ($0.44) earnings per share. Sell-side analysts anticipate that Mongodb Inc will post -2.23 earnings per share for the current year.
In other news, Director Kevin P. Ryan sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $75.00, for a total transaction of $1,800,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eliot Horowitz sold 7,100 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $90.83, for a total transaction of $644,893.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 886,778 shares of company stock worth $73,434,628. Corporate insiders own 40.04% of the company’s stock.
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Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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