Yousif Capital Management LLC Purchases 30 Shares of MongoDB, Inc. (NASDAQ:MDB)

Yousif Capital Management LLC grew its holdings in MongoDB, Inc. (NASDAQ:MDB) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 792 shares of the company’s stock after purchasing an additional 30 shares during the period. Yousif Capital Management LLC’s holdings in MongoDB were worth $324,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Jennison Associates LLC raised its position in shares of MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after acquiring an additional 1,745,231 shares during the period. Quadrature Capital Ltd bought a new position in shares of MongoDB during the third quarter worth $37,482,000. Federated Hermes Inc. grew its holdings in shares of MongoDB by 314.8% in the 3rd quarter. Federated Hermes Inc. now owns 134,698 shares of the company’s stock valued at $46,587,000 after buying an additional 102,225 shares during the period. International Assets Investment Management LLC increased its position in shares of MongoDB by 31,796.1% in the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock valued at $36,775,000 after buying an additional 89,665 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in MongoDB during the third quarter worth about $30,877,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

MDB opened at $365.67 on Tuesday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market cap of $26.63 billion, a price-to-earnings ratio of -147.45 and a beta of 1.19. MongoDB, Inc. has a 12-month low of $238.99 and a 12-month high of $509.62. The business has a 50 day moving average of $369.85 and a 200-day moving average of $391.34.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. On average, equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $465.37, for a total transaction of $930,740.00. Following the completion of the sale, the director now directly owns 1,166,784 shares in the company, valued at $542,986,270.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $465.37, for a total transaction of $930,740.00. Following the completion of the sale, the director now owns 1,166,784 shares of the company’s stock, valued at approximately $542,986,270.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,802 shares of company stock valued at $22,143,211. Company insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MDB shares. Loop Capital started coverage on MongoDB in a research report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research note on Monday, January 22nd. Guggenheim increased their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Truist Financial boosted their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Tigress Financial increased their target price on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Two equities research 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 presently has an average rating of “Moderate Buy” and an average target price of $443.86.

About MongoDB

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.