Fmr LLC boosted its stake in shares of Mongodb Inc (NASDAQ:MDB) by 7,986.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,268,485 shares of the company’s stock after purchasing an additional 2,240,433 shares during the period. Fmr LLC’s holdings in Mongodb were worth $112,585,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Mongodb by 2.2% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,464,148 shares of the company’s stock valued at $72,666,000 after acquiring an additional 31,340 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Mongodb by 268.3% in the 1st quarter. BlackRock Inc. now owns 1,246,117 shares of the company’s stock valued at $54,081,000 after acquiring an additional 907,784 shares during the last quarter. Schf GPE LLC purchased a new stake in shares of Mongodb in the 2nd quarter valued at $39,609,000. Wells Fargo & Company MN boosted its holdings in shares of Mongodb by 53.1% in the 2nd quarter. Wells Fargo & Company MN now owns 729,133 shares of the company’s stock valued at $36,188,000 after acquiring an additional 252,799 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of Mongodb in the 1st quarter valued at $24,168,000. 43.21% of the stock is currently owned by institutional investors.
Shares of NASDAQ MDB opened at $81.99 on Monday. Mongodb Inc has a 1 year low of $24.62 and a 1 year high of $85.25. The company has a quick ratio of 2.25, a current ratio of 3.74 and a debt-to-equity ratio of 1.01.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.04. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The firm had revenue of $57.50 million for the quarter, compared to the consensus estimate of $51.75 million. Mongodb’s revenue for the quarter was up 61.5% compared to the same quarter last year. analysts expect that Mongodb Inc will post -2.24 earnings per share for the current fiscal year.
MDB has been the topic of several recent research reports. Needham & Company LLC upped their price objective on shares of Mongodb from $43.00 to $52.00 and gave the company a “buy” rating in a report on Monday, June 4th. Nomura upped their price objective on shares of Mongodb and gave the company a “neutral” rating in a report on Tuesday, June 5th. Morgan Stanley upped their price objective on shares of Mongodb from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, June 5th. Barclays upped their price objective on shares of Mongodb from $47.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, June 7th. Finally, Monness Crespi & Hardt upped their price objective on shares of Mongodb from $51.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $66.00.
In other Mongodb news, CEO Dev Ittycheria sold 1,206 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $49.40, for a total transaction of $59,576.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $83.77, for a total transaction of $8,377,000.00. The disclosure for this sale can be found here. Insiders have sold 284,139 shares of company stock worth $21,287,786 over the last three months. 40.04% of the stock is currently owned by insiders.
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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