Evolution Wealth Advisors LLC purchased a new position in shares of Mongodb Inc (NASDAQ:MDB) in the first quarter, Holdings Channel reports. The fund purchased 639 shares of the company’s stock, valued at approximately $94,000.

Several other institutional investors have also bought and sold shares of MDB. Oregon Public Employees Retirement Fund bought a new stake in Mongodb during the 4th quarter worth $33,000. American Century Companies Inc. bought a new stake in Mongodb during the 4th quarter worth $64,633,000. FMR LLC grew its position in Mongodb by 12.5% during the 4th quarter. FMR LLC now owns 5,275,057 shares of the company’s stock worth $441,732,000 after acquiring an additional 586,841 shares during the last quarter. JPMorgan Chase & Co. grew its position in Mongodb by 146.9% during the 1st quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock worth $116,790,000 after acquiring an additional 472,602 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in Mongodb during the 4th quarter worth $30,815,000. 65.98% of the stock is owned by institutional investors.

In related news, insider Eliot Horowitz sold 6,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $137.78, for a total transaction of $950,682.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Bull sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $135.61, for a total value of $678,050.00. The disclosure for this sale can be found here. Insiders sold a total of 204,925 shares of company stock worth $26,066,704 in the last quarter. Corporate insiders own 40.04% of the company’s stock.

NASDAQ MDB opened at $139.77 on Monday. Mongodb Inc has a 12 month low of $43.66 and a 12 month high of $154.80. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of -81.26 and a beta of -0.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.44 and a current ratio of 3.44.

Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.20. Mongodb had a negative return on equity of 49.90% and a negative net margin of 44.47%. The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $74.02 million. During the same quarter in the previous year, the company posted ($0.40) EPS. The business’s revenue was up 84.7% on a year-over-year basis. Equities research analysts expect that Mongodb Inc will post -1.99 EPS for the current year.

A number of brokerages recently weighed in on MDB. Zacks Investment Research lowered Mongodb from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Morgan Stanley boosted their price objective on Mongodb from $124.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Mongodb from $95.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. DA Davidson restated a “neutral” rating on shares of Mongodb in a research report on Thursday, March 14th. Finally, Canaccord Genuity upped their price target on Mongodb from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $119.38.

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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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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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