MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Bokf Na

Bokf Na increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 20.3% in the first quarter, Holdings Channel reports. The firm owned 6,734 shares of the company’s stock after acquiring an additional 1,135 shares during the period. Bokf Na’s holdings in MongoDB were worth $2,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $25,000. Blue Trust Inc. grew its position in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in MongoDB in the first quarter valued at approximately $41,000. GAMMA Investing LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $50,000. Finally, Sunbelt Securities Inc. grew its position in MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

NASDAQ:MDB traded down $2.76 during mid-day trading on Friday, reaching $253.50. 1,196,719 shares of the stock were exchanged, compared to its average volume of 1,450,955. The business has a fifty day moving average price of $261.27 and a 200 day moving average price of $345.99. The firm has a market capitalization of $18.59 billion, a PE ratio of -90.21 and a beta of 1.13. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. Research analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the sale, the director now owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,179 shares of company stock worth $9,535,839. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on MDB shares. Needham & Company LLC reiterated a “buy” rating and set a $290.00 target price on shares of MongoDB in a research note on Thursday, June 13th. Oppenheimer reduced their target price on MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Barclays reduced their target price on MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Stifel Nicolaus reduced their target price on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Bank of America reduced their target price on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.74.

MongoDB Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.