MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 68.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,020 shares of the company’s stock after purchasing an additional 413 shares during the period. Jones Financial Companies Lllp’s holdings in MongoDB were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB during the fourth quarter worth about $606,000. Geode Capital Management LLC grew its position in shares of MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MongoDB during the third quarter worth about $4,366,000. Charles Schwab Investment Management Inc. grew its position in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after acquiring an additional 7,575 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of MongoDB during the fourth quarter worth about $3,515,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDB. Morgan Stanley lowered their price target on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Royal Bank of Canada decreased their target price on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Mizuho increased their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Barclays decreased their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, Citigroup reiterated a “buy” rating on shares of MongoDB in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $319.87.

MongoDB Stock Performance

Shares of MDB opened at $185.10 on Friday. The firm has a market cap of $13.78 billion, a PE ratio of -67.55 and a beta of 1.30. The firm’s 50 day moving average price is $257.94 and its 200 day moving average price is $272.48. MongoDB, Inc. has a twelve month low of $173.13 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the business posted $0.86 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $21,510,229.95. This trade represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares in the company, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,314 shares of company stock worth $12,981,833 over the last 90 days. Insiders own 3.60% of the company’s stock.

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.