Cwm LLC Has $633,000 Holdings in MongoDB, Inc. (NASDAQ:MDB)

Cwm LLC raised its stake in MongoDB, Inc. (NASDAQ:MDB) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,607 shares of the company’s stock after buying an additional 289 shares during the quarter. Cwm LLC’s holdings in MongoDB were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. 111 Capital bought a new stake in shares of MongoDB in the 4th quarter valued at about $390,000. Park Avenue Securities LLC grew its holdings in MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company’s stock valued at $461,000 after purchasing an additional 907 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock valued at $1,359,000 after purchasing an additional 298 shares during the period. Sowell Financial Services LLC bought a new position in shares of MongoDB during the first quarter worth $263,000. Finally, Farther Finance Advisors LLC boosted its position in shares of MongoDB by 57.2% during the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company’s stock worth $219,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Needham & Company LLC reissued a “buy” rating and set a $270.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Truist Financial reduced their price target on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Scotiabank lifted their price target on shares of MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $320.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $281.35.

MongoDB Price Performance

MongoDB stock opened at $228.25 on Thursday. The company’s 50-day moving average is $204.58 and its 200-day moving average is $212.84. The firm has a market capitalization of $18.65 billion, a PE ratio of -200.22 and a beta of 1.41. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. During the same quarter last year, the company posted $0.51 earnings per share. MongoDB’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 25,005 shares of MongoDB stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the completion of the sale, the chief executive officer owned 256,974 shares of the company’s stock, valued at approximately $60,131,916. The trade was a 8.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the sale, the director directly owned 1,107,006 shares of the company’s stock, valued at $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,746 shares of company stock valued at $7,500,196. 3.10% of the stock is owned by insiders.

MongoDB 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.