Harbor Capital Advisors Inc. Acquires 742 Shares of MongoDB, Inc. (NASDAQ:MDB)

Harbor Capital Advisors Inc. lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 26.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,579 shares of the company’s stock after acquiring an additional 742 shares during the period. Harbor Capital Advisors Inc.’s holdings in MongoDB were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in MongoDB by 64.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,637 shares of the company’s stock valued at $2,305,000 after buying an additional 2,213 shares in the last quarter. International Assets Investment Management LLC boosted its stake in MongoDB by 31,796.1% during the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after purchasing an additional 89,665 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in MongoDB by 176.1% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,811 shares of the company’s stock valued at $740,000 after purchasing an additional 1,155 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of MongoDB in the fourth quarter valued at approximately $292,000. Finally, Meeder Advisory Services Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at approximately $200,000. 89.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MongoDB news, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total value of $468,480.00. Following the completion of the sale, the director now directly owns 1,146,784 shares of the company’s stock, valued at approximately $268,622,684.16. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock valued at $7,368,989 over the last 90 days. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. Loop Capital decreased their price target on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Citigroup decreased their price target on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. KeyCorp decreased their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Canaccord Genuity Group decreased their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Mizuho decreased their price target on MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $355.74.

MongoDB Price Performance

NASDAQ:MDB traded up $4.34 during trading hours on Wednesday, hitting $227.56. 896,540 shares of the company’s stock traded hands, compared to its average volume of 1,523,351. The firm has a market cap of $16.69 billion, a P/E ratio of -84.60 and a beta of 1.13. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The business’s fifty day simple moving average is $244.89 and its two-hundred day simple moving average is $337.85. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. On average, research analysts anticipate that MongoDB, Inc. will post -2.67 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.