Raymond James & Associates decreased its position in Mongodb Inc (NASDAQ:MDB) by 58.3% in the first quarter, Holdings Channel reports. The fund owned 15,004 shares of the company’s stock after selling 20,973 shares during the period. Raymond James & Associates’ holdings in Mongodb were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Cetera Advisor Networks LLC grew its position in shares of Mongodb by 3.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,250 shares of the company’s stock valued at $479,000 after acquiring an additional 104 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Mongodb by 4.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,215 shares of the company’s stock worth $269,000 after buying an additional 124 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Mongodb by 30.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 728 shares of the company’s stock worth $107,000 after buying an additional 170 shares during the last quarter. Pearl River Capital LLC acquired a new position in shares of Mongodb during the 4th quarter worth approximately $25,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Mongodb during the 4th quarter worth approximately $33,000. Institutional investors own 65.98% of the company’s stock.
Several research firms have recently commented on MDB. Morgan Stanley set a $156.00 price target on shares of Mongodb and gave the company a “hold” rating in a research report on Friday, June 7th. Nomura boosted their target price on Mongodb from $70.00 to $76.00 and gave the company a “reduce” rating in a research report on Thursday, June 6th. DA Davidson upped their price objective on Mongodb to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. KeyCorp boosted their target price on shares of Mongodb from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $185.00 target price (up previously from $150.00) on shares of Mongodb in a research note on Thursday, June 6th. One investment 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. The stock has an average rating of “Buy” and a consensus price target of $137.00.
Mongodb stock traded up $0.75 during mid-day trading on Wednesday, reaching $163.78. The company had a trading volume of 5,586 shares, compared to its average volume of 1,485,818. Mongodb Inc has a 1 year low of $47.69 and a 1 year high of $184.78. 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 $9.35 billion, a PE ratio of -94.96 and a beta of 0.20.
Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. The company had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $83.50 million. Mongodb had a negative net margin of 39.68% and a negative return on equity of 45.68%. The firm’s quarterly revenue was up 78.3% compared to the same quarter last year. During the same period last year, the company posted ($0.43) earnings per share. On average, sell-side analysts forecast that Mongodb Inc will post -1.99 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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