ETF Managers Group LLC decreased its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 42.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,188 shares of the company’s stock after selling 2,389 shares during the period. ETF Managers Group LLC’s holdings in MongoDB were worth $743,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of MDB. Bessemer Group Inc. acquired a new position in MongoDB in the fourth quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in MongoDB in the fourth quarter valued at $30,000. Lindbrook Capital LLC lifted its holdings in MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 133 shares during the period. Y.D. More Investments Ltd acquired a new position in MongoDB in the fourth quarter valued at $36,000. Finally, CI Investments Inc. lifted its holdings in MongoDB by 126.8% in the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock valued at $37,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.
MongoDB Price Performance
NASDAQ MDB opened at $402.99 on Friday. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $414.48. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The company’s 50 day simple moving average is $308.79 and its two-hundred day simple moving average is $244.13.
Insider Activity
In other news, CEO Dev Ittycheria sold 49,249 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total transaction of $11,206,609.95. Following the sale, the chief executive officer now owns 222,311 shares in the company, valued at approximately $50,586,868.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Thomas Bull sold 605 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total transaction of $138,145.70. Following the sale, the chief accounting officer now owns 17,706 shares in the company, valued at approximately $4,042,988.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 49,249 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total transaction of $11,206,609.95. Following the transaction, the chief executive officer now directly owns 222,311 shares in the company, valued at approximately $50,586,868.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,856 shares of company stock worth $27,327,511. 4.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on MDB shares. Morgan Stanley upped their price objective on shares of MongoDB from $270.00 to $440.00 in a report on Friday, June 23rd. Guggenheim lowered shares of MongoDB from a “neutral” rating to a “sell” rating and upped their price objective for the company from $205.00 to $210.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Mizuho upped their price objective on shares of MongoDB from $220.00 to $240.00 in a report on Friday, June 23rd. Royal Bank of Canada upped their target price on shares of MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Finally, William Blair restated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.30.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
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