BlackRock Inc. raised its stake in Mongodb Inc (NASDAQ:MDB) by 138.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,820,059 shares of the company’s stock after purchasing an additional 1,057,430 shares during the period. BlackRock Inc. owned 3.29% of Mongodb worth $276,812,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC increased its stake in Mongodb by 1,638.5% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 213 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Mongodb by 100.0% during the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after acquiring an additional 100 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Mongodb during the second quarter worth about $33,000. Lindbrook Capital LLC increased its position in shares of Mongodb by 50.0% during the second quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Mongodb during the second quarter worth about $60,000. 72.14% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays reissued a “buy” rating on shares of Mongodb in a research report on Friday, September 6th. Piper Jaffray Companies assumed coverage on shares of Mongodb in a research report on Monday, October 28th. They set an “overweight” rating and a $158.00 target price for the company. Morgan Stanley decreased their target price on shares of Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a research report on Wednesday, October 16th. Finally, Citigroup boosted their target price on shares of Mongodb from $184.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $162.64.
Mongodb stock opened at $134.77 on Friday. The firm’s 50-day simple moving average is $126.48 and its 200 day simple moving average is $141.84. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a market cap of $7.37 billion, a PE ratio of -78.35 and a beta of 0.07. Mongodb Inc has a fifty-two week low of $65.62 and a fifty-two week high of $184.78.
Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.07). The firm had revenue of $99.40 million for the quarter, compared to the consensus estimate of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The business’s revenue was up 66.8% on a year-over-year basis. During the same period last year, the company posted ($0.41) EPS. As a group, analysts predict that Mongodb Inc will post -2.26 EPS for the current fiscal year.
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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