Newbridge Financial Services Group Inc. Boosts Position in MongoDB, Inc. (NASDAQ:MDB)

Newbridge Financial Services Group Inc. lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 24.6% during the 1st quarter, Holdings Channel reports. The fund owned 1,115 shares of the company’s stock after buying an additional 220 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in MongoDB were worth $400,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in MongoDB in the 4th quarter valued at about $25,000. Blue Trust Inc. raised its holdings in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in MongoDB in the 3rd quarter valued at about $35,000. AM Squared Ltd purchased a new stake in MongoDB in the 3rd quarter valued at about $35,000. Finally, Huntington National Bank raised its holdings in MongoDB by 279.3% in the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock valued at $38,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDB. Citigroup boosted their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Tigress Financial lifted their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Truist Financial lifted their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 target price on shares of MongoDB in a research report on Friday, May 3rd. Finally, Bank of America dropped their target price on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $444.57.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the transaction, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is owned by company insiders.

MongoDB Stock Performance

Shares of MDB stock traded down $2.75 during trading hours on Tuesday, hitting $365.26. The stock had a trading volume of 727,370 shares, compared to its average volume of 1,301,589. The firm has a market capitalization of $26.60 billion, a PE ratio of -147.28 and a beta of 1.19. MongoDB, Inc. has a twelve month low of $267.68 and a twelve month high of $509.62. The stock’s 50 day moving average is $358.39 and its 200 day moving average is $393.02. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

MongoDB Company Profile

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.