Brighton Jones LLC purchased a new stake in Mongodb Inc (NASDAQ:MDB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,197 shares of the company’s stock, valued at approximately $214,000.
Several other institutional investors have also recently modified their holdings of the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Mongodb in the fourth quarter valued at about $103,000. Essex Investment Management Co. LLC acquired a new stake in shares of Mongodb in the fourth quarter valued at about $2,127,000. CI Investments Inc. acquired a new stake in shares of Mongodb in the fourth quarter valued at about $2,226,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Mongodb in the fourth quarter valued at about $37,571,000. Institutional investors own 3.18% of the company’s stock.
Mongodb Inc (NASDAQ MDB) opened at $27.16 on Wednesday. The firm has a market capitalization of $1,420.00 and a P/E ratio of -16.98. Mongodb Inc has a 12-month low of $24.62 and a 12-month high of $34.00.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.90). The business had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $37.21 million. The business’s quarterly revenue was up 57.8% on a year-over-year basis. equities research analysts anticipate that Mongodb Inc will post -1.9 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. ValuEngine raised Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Morgan Stanley lowered their target price on Mongodb from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Zacks Investment Research downgraded Mongodb from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Nomura assumed coverage on Mongodb in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Canaccord Genuity assumed coverage on Mongodb in a research report on Wednesday, December 13th. They set a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.25.
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MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
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