Hsbc Holdings PLC Has $4.43 Million Holdings in MongoDB, Inc. (NASDAQ:MDB)

Posted by Defense World Staff on Feb 26th, 2023

Hsbc Holdings PLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 31.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,116 shares of the company’s stock after purchasing an additional 5,292 shares during the quarter. Hsbc Holdings PLC’s holdings in MongoDB were worth $4,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. abrdn plc increased its position in MongoDB by 0.6% during the 2nd quarter. abrdn plc now owns 6,745 shares of the company’s stock valued at $1,750,000 after purchasing an additional 41 shares during the period. CWM LLC grew its position in shares of MongoDB by 2.6% during the 3rd quarter. CWM LLC now owns 2,144 shares of the company’s stock worth $426,000 after buying an additional 55 shares during the period. Cetera Advisor Networks LLC grew its position in shares of MongoDB by 7.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock worth $223,000 after buying an additional 59 shares during the period. Synergy Financial Group LTD grew its position in shares of MongoDB by 3.2% during the 3rd quarter. Synergy Financial Group LTD now owns 2,089 shares of the company’s stock worth $415,000 after buying an additional 64 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of MongoDB by 6.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,320 shares of the company’s stock worth $262,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 84.86% of the company’s stock.

Insider Transactions at MongoDB

In other news, CTO Mark Porter sold 635 shares of MongoDB stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $187.72, for a total transaction of $119,202.20. Following the sale, the chief technology officer now directly owns 27,577 shares in the company, valued at approximately $5,176,754.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Cedric Pech sold 328 shares of MongoDB stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total value of $65,373.68. Following the completion of the sale, the executive now owns 33,829 shares of the company’s stock, valued at approximately $6,742,457.99. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Mark Porter sold 635 shares of MongoDB stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $187.72, for a total value of $119,202.20. Following the completion of the sale, the chief technology officer now directly owns 27,577 shares of the company’s stock, valued at approximately $5,176,754.44. The disclosure for this sale can be found here. Insiders have sold 58,074 shares of company stock worth $11,604,647 in the last ninety days. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MDB shares. Morgan Stanley raised their price objective on shares of MongoDB from $215.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 7th. Canaccord Genuity Group reduced their price objective on shares of MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. KeyCorp raised their price objective on shares of MongoDB from $220.00 to $255.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. The Goldman Sachs Group reduced their price objective on shares of MongoDB from $380.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, December 7th. Finally, Mizuho lifted their price target on shares of MongoDB from $170.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, February 15th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.35.

MongoDB Trading Down 3.5 %

NASDAQ MDB opened at $205.90 on Friday. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of -38.34 and a beta of 0.94. MongoDB, Inc. has a one year low of $135.15 and a one year high of $471.96. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. The business’s fifty day moving average is $204.39 and its 200-day moving average is $213.84.

MongoDB (NASDAQ:MDB – Get Rating) last released its earnings results on Tuesday, December 6th. The company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($1.48) by $0.25. The company had revenue of $333.62 million for the quarter, compared to analysts’ expectations of $302.39 million. MongoDB had a negative return on equity of 52.50% and a negative net margin of 30.73%. Equities research analysts predict that MongoDB, Inc. will post -4.65 EPS for the current year.

About MongoDB

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.