Paragon Advisors LLC purchased a new position in shares of Mongodb Inc (NASDAQ:MDB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,619 shares of the company’s stock, valued at approximately $593,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Mongodb during the 4th quarter worth about $3,060,000. NEXT Financial Group Inc acquired a new stake in Mongodb during the 1st quarter worth about $27,000. Financial Architects Inc acquired a new stake in Mongodb during the 1st quarter worth about $27,000. Golden State Wealth Management LLC acquired a new stake in Mongodb during the 1st quarter worth about $38,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Mongodb during the 4th quarter valued at about $41,000. 85.60% of the stock is owned by institutional investors.
In other news, CTO Eliot Horowitz sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief technology officer now directly owns 108,622 shares in the company, valued at approximately $15,207,080. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $189.49, for a total value of $94,745.00. Following the transaction, the director now owns 4,427 shares in the company, valued at $838,872.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,650 shares of company stock worth $23,737,319. Insiders own 16.28% of the company’s stock.
A number of equities analysts have weighed in on MDB shares. Monness Crespi & Hardt lowered Mongodb from a “buy” rating to a “neutral” rating in a research note on Friday, June 5th. They noted that the move was a valuation call. Citigroup lifted their price objective on Mongodb from $175.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. ValuEngine lowered Mongodb from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Needham & Company LLC lifted their price objective on Mongodb from $170.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Barclays lifted their price target on Mongodb from $130.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $206.87.
NASDAQ:MDB traded up $3.47 during trading hours on Tuesday, hitting $225.49. 649,469 shares of the stock were exchanged, compared to its average volume of 1,115,227. Mongodb Inc has a 52-week low of $93.81 and a 52-week high of $243.92. The firm’s fifty day moving average price is $214.00 and its 200 day moving average price is $165.16. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 15.11. The company has a market cap of $12.91 billion, a P/E ratio of -65.62 and a beta of 0.76.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, June 4th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.12. Mongodb had a negative return on equity of 94.98% and a negative net margin of 42.42%. The company had revenue of $130.33 million during the quarter, compared to analyst estimates of $119.72 million. During the same period in the previous year, the business earned ($0.22) EPS. Mongodb’s quarterly revenue was up 45.8% on a year-over-year basis. Equities analysts expect that Mongodb Inc will post -3.3 EPS for the current fiscal year.
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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