4,557 Shares in MongoDB, Inc. $MDB Purchased by Plum Street Advisors LLC

Plum Street Advisors LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, HoldingsChannel reports. The fund acquired 4,557 shares of the company’s stock, valued at approximately $1,414,000.

Several other large investors have also modified their holdings of MDB. Huntington National Bank raised its holdings in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares during the period. Montag A & Associates Inc. boosted its holdings in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 101 shares during the period. Promus Capital LLC bought a new position in MongoDB in the 2nd quarter valued at $36,000. TD Private Client Wealth LLC grew its position in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in MongoDB in the third quarter worth $37,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MDB. Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Stifel Nicolaus cut their price target on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. DA Davidson reduced their price target on shares of MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Argus upped their target price on shares of MongoDB from $340.00 to $488.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.18.

MongoDB Trading Down 0.1%

MDB opened at $260.50 on Friday. The company has a market capitalization of $21.20 billion, a price-to-earnings ratio of -296.02 and a beta of 1.40. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72. The business’s fifty day simple moving average is $354.08 and its 200-day simple moving average is $352.74.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 EPS. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the sale, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 21,949 shares of company stock valued at $8,981,630. 3.10% of the stock is owned by company insiders.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.