Janney Montgomery Scott LLC purchased a new stake in shares of Mongodb Inc (NASDAQ:MDB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,312 shares of the company’s stock, valued at approximately $520,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its holdings in Mongodb by 79.4% in the third quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. FNY Investment Advisers LLC lifted its holdings in Mongodb by 1,638.5% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock valued at $30,000 after buying an additional 213 shares during the period. Captrust Financial Advisors lifted its holdings in Mongodb by 100.0% in the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock valued at $30,000 after buying an additional 100 shares during the period. Advisory Services Network LLC acquired a new position in Mongodb in the second quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC lifted its holdings in Mongodb by 445.5% in the third quarter. Golden State Wealth Management LLC now owns 300 shares of the company’s stock valued at $36,000 after buying an additional 245 shares during the period. 72.14% of the stock is currently owned by institutional investors and hedge funds.
In other Mongodb news, CTO Eliot Horowitz sold 18,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $125.06, for a total value of $2,251,080.00. Also, CEO Dev Ittycheria sold 23,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $150.50, for a total transaction of $3,461,500.00. Following the completion of the sale, the chief executive officer now owns 212,590 shares in the company, valued at $31,994,795. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,162 shares of company stock worth $21,053,675. Company insiders own 40.04% of the company’s stock.
MDB opened at $130.93 on Thursday. The firm’s fifty day moving average is $126.11 and its two-hundred day moving average is $141.89. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.97. Mongodb Inc has a twelve month low of $65.62 and a twelve month high of $184.78.
Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.07). The firm had revenue of $99.40 million during the quarter, compared to analyst estimates of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The company’s revenue for the quarter was up 66.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.41) earnings per share. As a group, equities analysts expect that Mongodb Inc will post -2.26 earnings per share for the current year.
Several equities analysts recently weighed in on MDB shares. KeyCorp set a $188.00 price objective on shares of Mongodb and gave the company a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price objective on shares of Mongodb from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Zacks Investment Research upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Citigroup increased their price objective on shares of Mongodb from $184.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Piper Jaffray Companies started coverage on shares of Mongodb in a report on Monday, October 28th. They issued an “overweight” rating and a $158.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $162.64.
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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