Oppenheimer & Co. Inc. Raises Position in MongoDB, Inc. (NASDAQ:MDB)

Oppenheimer & Co. Inc. boosted its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 39.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,143 shares of the company’s stock after buying an additional 1,733 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in MongoDB were worth $2,512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in MongoDB by 120.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,296 shares of the company’s stock valued at $2,983,000 after buying an additional 3,989 shares in the last quarter. Eisler Capital UK Ltd. acquired a new stake in MongoDB in the 4th quarter valued at about $1,155,000. First Trust Advisors LP raised its holdings in MongoDB by 59.3% in the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock valued at $224,480,000 after acquiring an additional 204,284 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in MongoDB by 1.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 15,276 shares of the company’s stock valued at $6,246,000 after acquiring an additional 157 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in MongoDB by 2.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 25,946 shares of the company’s stock valued at $10,608,000 after acquiring an additional 734 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a report on Monday, June 3rd. JMP Securities cut their price objective on shares of MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a report on Friday, May 31st. Piper Sandler cut their price objective on shares of MongoDB from $480.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Scotiabank cut their price objective on shares of MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a report on Monday, June 3rd. Finally, Loop Capital cut their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $364.11.

Check Out Our Latest Research Report on MongoDB

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the transaction, the director now owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the sale, the director now directly owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the sale, the director now directly owns 1,146,784 shares of the company’s stock, valued at $268,622,684.16. The disclosure for this sale can be found here. Insiders sold 48,802 shares of company stock valued at $16,982,551 in the last 90 days. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $227.02 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.40. MongoDB, Inc. has a 52 week low of $222.78 and a 52 week high of $509.62. The firm has a 50 day moving average of $340.78 and a two-hundred day moving average of $384.92.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. On average, equities analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

MongoDB Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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