Strategic Advocates LLC Has $713,000 Position in MongoDB, Inc. (NASDAQ:MDB)

Strategic Advocates LLC raised its stake in MongoDB, Inc. (NASDAQ:MDBFree Report) by 17.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,987 shares of the company’s stock after acquiring an additional 295 shares during the period. Strategic Advocates LLC’s holdings in MongoDB were worth $713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in shares of MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after buying an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of MongoDB by 12.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after purchasing an additional 25 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in shares of MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after purchasing an additional 30 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in MongoDB by 3.9% during the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after purchasing an additional 30 shares during the last quarter. Finally, Valley National Advisers Inc. grew its position in MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MDB shares. Stifel Nicolaus reduced their price objective on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Piper Sandler dropped their price objective on MongoDB from $480.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Citigroup decreased their target price on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Finally, Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.11.

Get Our Latest Stock Analysis on MDB

MongoDB Stock Performance

Shares of MDB traded down $4.82 during mid-day trading on Tuesday, hitting $218.85. 1,576,734 shares of the company’s stock were exchanged, compared to its average volume of 1,506,418. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 52 week low of $217.81 and a 52 week high of $509.62. The stock’s 50-day simple moving average is $322.60 and its 200-day simple moving average is $375.43. The firm has a market cap of $16.05 billion, a price-to-earnings ratio of -77.88 and a beta of 1.13.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the transaction, the director now owns 523,896 shares of the company’s stock, valued at $190,179,486.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the sale, the director now owns 523,896 shares in the company, valued at approximately $190,179,486.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders have sold a total of 49,976 shares of company stock worth $17,245,973 in the last 90 days. Company insiders own 3.60% of the company’s stock.

MongoDB Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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