MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,414 shares of the company’s stock after acquiring an additional 448 shares during the quarter. Mackenzie Financial Corp’s holdings in MongoDB were worth $2,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in MongoDB in the 3rd quarter worth about $30,000. Blue Trust Inc. increased its stake in MongoDB by 937.5% in the 4th 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. Cullen Frost Bankers Inc. purchased a new position in MongoDB in the 3rd quarter worth about $35,000. AM Squared Ltd purchased a new position in MongoDB in the 3rd quarter worth about $35,000. Finally, Castleview Partners LLC purchased a new position in MongoDB in the 3rd quarter worth about $37,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Up 7.7 %

MDB opened at $366.31 on Wednesday. The business has a 50 day moving average price of $385.74 and a 200 day moving average price of $390.82. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market cap of $26.68 billion, a P/E ratio of -147.71 and a beta of 1.20.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on MDB. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Loop Capital began coverage on MongoDB in a research report on Tuesday. They set a “buy” rating and a $415.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. Citigroup raised 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. Finally, UBS Group restated a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $443.86.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by insiders.

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.