Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Mongodb Inc (NASDAQ:MDB) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,911 shares of the company’s stock, valued at approximately $579,000.
Several other hedge funds have also modified their holdings of MDB. Oregon Public Employees Retirement Fund acquired a new position in shares of Mongodb during the fourth quarter worth approximately $33,000. FMR LLC lifted its holdings in shares of Mongodb by 106.7% during the third quarter. FMR LLC now owns 4,688,216 shares of the company’s stock worth $382,324,000 after buying an additional 2,419,731 shares during the last quarter. SQN Investors LP acquired a new position in shares of Mongodb during the third quarter worth approximately $49,302,000. Morgan Stanley lifted its holdings in shares of Mongodb by 1,628.8% during the third quarter. Morgan Stanley now owns 599,856 shares of the company’s stock worth $48,918,000 after buying an additional 565,159 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Mongodb during the third quarter worth approximately $34,585,000. Institutional investors own 64.66% of the company’s stock.
Shares of NASDAQ MDB opened at $130.94 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.41 and a quick ratio of 3.41. The firm has a market capitalization of $5.62 billion, a P/E ratio of -75.25 and a beta of 0.01. Mongodb Inc has a one year low of $32.35 and a one year high of $134.40.
A number of brokerages recently commented on MDB. Citigroup upped their target price on Mongodb from $94.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Investment Research upgraded Mongodb from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Friday. Monness Crespi & Hardt upped their target price on Mongodb from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus upped their target price on Mongodb from $95.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JMP Securities restated a “hold” rating on shares of Mongodb in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Mongodb currently has a consensus rating of “Buy” and an average target price of $107.08.
In other news, CEO Dev Ittycheria sold 20,965 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $79.79, for a total transaction of $1,672,797.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Meagen Eisenberg sold 18,748 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $80.10, for a total value of $1,501,714.80. The disclosure for this sale can be found here. Insiders sold 224,607 shares of company stock worth $20,225,910 over the last quarter. Company 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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