Guggenheim Capital LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 66.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,374 shares of the company’s stock after purchasing an additional 945 shares during the quarter. Guggenheim Capital LLC’s holdings in MongoDB were worth $553,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Cherry Creek Investment Advisors Inc. grew its holdings in shares of MongoDB by 1.5% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after acquiring an additional 50 shares during the period. CWM LLC grew its position in MongoDB by 2.4% during the first quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $521,000 after buying an additional 52 shares during the period. Cetera Advisor Networks LLC increased its holdings in MongoDB by 7.4% during the second quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock valued at $223,000 after buying an additional 59 shares during the last quarter. First Republic Investment Management Inc. raised its position in MongoDB by 1.0% in the fourth quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock worth $1,261,000 after acquiring an additional 61 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in shares of MongoDB by 5.5% during the 4th quarter. New York Life Investment Management LLC now owns 1,358 shares of the company’s stock worth $267,000 after acquiring an additional 71 shares during the last quarter. 88.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $445.00 price objective on shares of MongoDB in a research report on Friday, September 1st. Sanford C. Bernstein increased their price objective on shares of MongoDB from $424.00 to $471.00 in a research note on Sunday. Robert W. Baird raised their price objective on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. 22nd Century Group reaffirmed a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Finally, UBS Group raised their price target on MongoDB from $425.00 to $465.00 and gave the company a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $418.08.
MongoDB Price Performance
Shares of MongoDB stock opened at $382.26 on Thursday. The firm has a market cap of $26.98 billion, a PE ratio of -110.48 and a beta of 1.11. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $439.00. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $390.04 and a 200 day moving average price of $308.14.
In other MongoDB news, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the completion of the transaction, the chief executive officer now directly owns 218,085 shares in the company, valued at $88,775,860.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the completion of the sale, the chief executive officer now directly owns 218,085 shares in the company, valued at approximately $88,775,860.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $389.50, for a total value of $2,337,000.00. Following the completion of the transaction, the director now owns 1,201,159 shares in the company, valued at approximately $467,851,430.50. The disclosure for this sale can be found here. Insiders sold 83,551 shares of company stock worth $33,875,952 over the last three months. 4.80% of the stock is currently owned by corporate insiders.
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
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