MongoDB, Inc. (NASDAQ:MDB) Holdings Raised by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 16.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,916 shares of the company’s stock after acquiring an additional 549 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in MongoDB were worth $1,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC raised its stake in shares of MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after acquiring an additional 30 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after buying an additional 30 shares during the period. Valley National Advisers Inc. grew its stake in MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after buying an additional 33 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in MongoDB by 2.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company’s stock worth $638,000 after acquiring an additional 33 shares during the period. Finally, Choreo LLC boosted its holdings in MongoDB by 3.5% during the third quarter. Choreo LLC now owns 1,076 shares of the company’s stock valued at $372,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of several research analyst reports. Citigroup boosted their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Loop Capital started coverage on shares of MongoDB in a research report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 target price on the stock. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and increased their price target for the company from $405.00 to $430.00 in a report on Friday, March 8th. Guggenheim boosted their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Finally, Tigress Financial boosted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $443.86.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the sale, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at approximately $33,351,592.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,802 shares of company stock worth $22,143,211. Company insiders own 4.80% of the company’s stock.

MongoDB Trading Down 0.1 %

MDB opened at $362.85 on Monday. The stock has a market capitalization of $26.43 billion, a P/E ratio of -146.31 and a beta of 1.19. MongoDB, Inc. has a 12 month low of $226.10 and a 12 month high of $509.62. The firm’s fifty day simple moving average is $371.56 and its 200 day simple moving average is $391.28. 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 (NASDAQ:MDB) last issued its earnings results 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). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, research analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current fiscal 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.