Nwam LLC Acquires Shares of 2,600 Mongodb Inc (NASDAQ:MDB)

Nwam LLC acquired a new position in shares of Mongodb Inc (NASDAQ:MDB) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,600 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors have also recently made changes to their positions in the business. Pearl River Capital LLC acquired a new stake in Mongodb in the 4th quarter valued at about $25,000. Quantamental Technologies LLC acquired a new stake in shares of Mongodb during the 4th quarter worth about $33,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Mongodb during the 4th quarter worth about $33,000. PNC Financial Services Group Inc. acquired a new stake in shares of Mongodb during the 4th quarter worth about $34,000. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Mongodb by 17,133.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock worth $43,000 after purchasing an additional 514 shares during the last quarter. Institutional investors own 61.61% of the company’s stock.

Several research firms have issued reports on MDB. William Blair began coverage on shares of Mongodb in a research note on Friday, March 22nd. They set an “outperform” rating on the stock. Citigroup increased their price objective on shares of Mongodb from $94.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Zacks Investment Research upgraded shares of Mongodb from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Friday, March 15th. Monness Crespi & Hardt increased their price objective on shares of Mongodb from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Stifel Nicolaus increased their price objective on shares of Mongodb from $95.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $107.08.

In other news, Director Kevin P. Ryan sold 24,000 shares of Mongodb stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $99.37, for a total transaction of $2,384,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles M. Hazard, Jr. sold 2,017 shares of Mongodb stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $141.28, for a total transaction of $284,961.76. The disclosure for this sale can be found here. Insiders sold 228,925 shares of company stock worth $28,451,584 in the last 90 days. 40.04% of the stock is currently owned by insiders.

Shares of MDB stock traded up $0.82 during trading hours on Friday, hitting $135.70. 802,563 shares of the company were exchanged, compared to its average volume of 1,192,424. Mongodb Inc has a 1 year low of $40.61 and a 1 year high of $154.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.44 and a quick ratio of 3.44. The firm has a market cap of $7.42 billion, a P/E ratio of -78.90 and a beta of -0.01.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.56) by $0.20. Mongodb had a negative net margin of 44.47% and a negative return on equity of 49.90%. The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $74.02 million. During the same quarter last year, the firm posted ($0.40) earnings per share. Mongodb’s revenue for the quarter was up 84.7% compared to the same quarter last year. Analysts expect that Mongodb Inc will post -1.99 earnings per share for the current fiscal year.

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Mongodb Company Profile

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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