Prosperity Wealth Management Inc. Makes New $206,000 Investment in MongoDB, Inc. (NASDAQ:MDB)

Prosperity Wealth Management Inc. acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 505 shares of the company’s stock, valued at approximately $206,000.

Other large investors have also recently made changes to their positions in the company. KB Financial Partners LLC bought a new stake in MongoDB during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its stake in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of MongoDB during the 3rd quarter valued at $30,000. Parkside Financial Bank & Trust lifted its stake in shares of MongoDB by 176.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 60 shares in the last quarter. Finally, AM Squared Ltd bought a new position in MongoDB in the 3rd quarter worth $35,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MongoDB

In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 1,430 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the transaction, the executive now directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,802 shares of company stock worth $36,356,911. 4.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on MDB. KeyCorp lowered their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday. Guggenheim boosted their price target on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and increased their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 target price (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Finally, Citigroup upped their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $444.93.

MongoDB Trading Down 2.0 %

Shares of MDB opened at $342.75 on Thursday. The company’s fifty day simple moving average is $397.07 and its 200-day simple moving average is $390.45. The company has a market cap of $24.96 billion, a P/E ratio of -138.21 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.

MongoDB 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.