New Century Financial Group LLC Has $219,000 Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

New Century Financial Group LLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 610 shares of the company’s stock after buying an additional 53 shares during the period. New Century Financial Group LLC’s holdings in MongoDB were worth $219,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MDB. Transcendent Capital Group LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $25,000. Blue Trust Inc. grew its position in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the last quarter. Beacon Capital Management LLC increased its holdings in MongoDB by 1,111.1% in the 4th quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of MongoDB by 156.1% during the third quarter. Raleigh Capital Management Inc. now owns 146 shares of the company’s stock valued at $50,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research reports. JMP Securities reduced their target price on shares of MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a report on Friday, May 31st. Oppenheimer decreased their price objective on MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Bank of America cut their target price on MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Mizuho decreased their price target on MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Finally, Robert W. Baird lowered their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $361.30.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the sale, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,154,784 shares in the company, valued at approximately $421,496,160. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the transaction, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The disclosure for this sale can be found here. Insiders sold a total of 23,174 shares of company stock valued at $6,615,752 over the last ninety days. 3.60% of the stock is currently owned by insiders.

MongoDB Stock Performance

Shares of MDB stock opened at $264.94 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. The firm has a fifty day simple moving average of $296.82 and a two-hundred day simple moving average of $362.34. MongoDB, Inc. has a 12 month low of $214.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. Analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

MongoDB Company 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.