4,026 Shares in Mongodb Inc (MDB) Acquired by Grandview Asset Management LLC

Grandview Asset Management LLC purchased a new position in shares of Mongodb Inc (NASDAQ:MDB) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 4,026 shares of the company’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Oregon Public Employees Retirement Fund bought a new stake in Mongodb during the 4th quarter valued at approximately $33,000. American Century Companies Inc. bought a new stake in shares of Mongodb in the 4th quarter worth approximately $64,633,000. FMR LLC lifted its position in shares of Mongodb by 12.5% in the 4th quarter. FMR LLC now owns 5,275,057 shares of the company’s stock worth $441,732,000 after acquiring an additional 586,841 shares during the period. 1832 Asset Management L.P. bought a new stake in shares of Mongodb in the 4th quarter worth approximately $30,815,000. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Mongodb in the 4th quarter worth approximately $15,795,000. Institutional investors own 62.52% of the company’s stock.

In related news, insider Eliot Horowitz sold 7,100 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $101.60, for a total transaction of $721,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Bull sold 5,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $135.61, for a total value of $678,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 204,925 shares of company stock valued at $26,066,704 over the last ninety days. Insiders own 40.04% of the company’s stock.



A number of brokerages have commented on MDB. Zacks Investment Research downgraded Mongodb from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. KeyCorp increased their target price on Mongodb from $100.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price (up from $108.00) on shares of Mongodb in a report on Thursday, March 14th. William Blair began coverage on Mongodb in a report on Friday, March 22nd. They issued an “outperform” rating for the company. Finally, Nomura set a $63.00 target price on Mongodb and gave the stock a “sell” rating in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.69.

Shares of MDB traded up $9.28 during mid-day trading on Thursday, reaching $147.72. The company had a trading volume of 53,620 shares, compared to its average volume of 1,403,511. Mongodb Inc has a twelve month low of $40.61 and a twelve month high of $154.80. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.82. The stock has a market cap of $7.83 billion, a PE ratio of -85.28 and a beta of -0.01.

Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, March 13th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.20. Mongodb had a negative return on equity of 49.90% and a negative net margin of 44.47%. The business had revenue of $83.10 million during the quarter, compared to analysts’ expectations of $74.02 million. During the same period in the prior year, the firm posted ($0.40) EPS. Mongodb’s quarterly revenue was up 84.7% compared to the same quarter last year. On average, sell-side analysts forecast that Mongodb Inc will post -1.99 EPS for the current fiscal year.

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About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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