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.

TRADEMARK VIOLATION NOTICE: “4,026 Shares in Mongodb Inc (MDB) Acquired by Grandview Asset Management LLC” was first reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://dakotafinancialnews.com/2019/05/16/4026-shares-in-mongodb-inc-mdb-acquired-by-grandview-asset-management-llc.html.

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.

Recommended Story: How to invest in a bear market

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mongodb Inc (NASDAQ:MDB).

Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.