Fernwood Investment Management LLC Grows Stock Holdings in Mongodb Inc (NASDAQ:MDB)

Fernwood Investment Management LLC boosted its position in Mongodb Inc (NASDAQ:MDB) by 4.3% in the 2nd quarter, Holdings Channel reports. The fund owned 14,528 shares of the company’s stock after purchasing an additional 595 shares during the period. Mongodb makes up about 1.2% of Fernwood Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. Fernwood Investment Management LLC’s holdings in Mongodb were worth $2,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its stake in Mongodb by 29.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 404 shares of the company’s stock worth $61,000 after acquiring an additional 92 shares during the period. Lindbrook Capital LLC grew its stake in Mongodb by 50.0% in the 2nd quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the period. Cetera Advisor Networks LLC grew its stake in Mongodb by 3.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,250 shares of the company’s stock worth $479,000 after acquiring an additional 104 shares during the period. Rehmann Capital Advisory Group grew its stake in Mongodb by 42.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 526 shares of the company’s stock worth $77,000 after acquiring an additional 158 shares during the period. Finally, Creative Planning grew its stake in Mongodb by 9.6% in the 2nd quarter. Creative Planning now owns 1,925 shares of the company’s stock worth $293,000 after acquiring an additional 169 shares during the period. 67.69% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MDB traded down $1.21 during trading on Thursday, hitting $141.07. 17,738 shares of the company traded hands, compared to its average volume of 1,384,713. Mongodb Inc has a 1 year low of $62.30 and a 1 year high of $184.78. The stock has a 50-day moving average of $151.76. The company has a market cap of $7.94 billion, a price-to-earnings ratio of -82.33 and a beta of 0.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.18 and a quick ratio of 3.18.



Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The company had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $83.50 million. During the same period in the previous year, the company earned ($0.43) EPS. The business’s quarterly revenue was up 78.3% compared to the same quarter last year. On average, research analysts predict that Mongodb Inc will post -2.07 EPS for the current fiscal year.

MDB has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Mongodb from $155.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, June 19th. Morgan Stanley set a $156.00 target price on shares of Mongodb and gave the stock a “hold” rating in a research note on Friday, June 7th. Compass Point initiated coverage on shares of Mongodb in a research note on Tuesday. They issued a “neutral” rating and a $155.00 target price for the company. Zacks Investment Research cut shares of Mongodb from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Citigroup set a $155.00 target price on shares of Mongodb and gave the stock a “hold” rating in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $154.21.

In related news, CRO Cedric Pech sold 29,809 shares of Mongodb stock in a transaction on Monday, June 10th. The shares were sold at an average price of $180.86, for a total transaction of $5,391,255.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Bull sold 466 shares of Mongodb stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $145.62, for a total transaction of $67,858.92. The disclosure for this sale can be found here. Insiders have sold a total of 227,088 shares of company stock valued at $35,102,249 over the last three months. Corporate insiders own 40.04% of the company’s stock.

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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