Morse Asset Management Inc raised its position in Mongodb Inc (NASDAQ:MDB) by 19.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,828 shares of the company’s stock after purchasing an additional 6,433 shares during the quarter. Mongodb comprises approximately 1.7% of Morse Asset Management Inc’s investment portfolio, making the stock its 16th biggest holding. Morse Asset Management Inc owned 0.07% of Mongodb worth $5,905,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MDB. FIL Ltd acquired a new position in shares of Mongodb during the first quarter valued at approximately $82,626,000. Wedbush Securities Inc. bought a new stake in Mongodb during the first quarter worth approximately $203,000. Whittier Trust Co. boosted its holdings in Mongodb by 4.1% during the first quarter. Whittier Trust Co. now owns 36,903 shares of the company’s stock worth $5,425,000 after buying an additional 1,438 shares in the last quarter. Hall Capital Management Co. Inc. bought a new stake in Mongodb during the first quarter worth approximately $271,000. Finally, IFM Investors Pty Ltd bought a new stake in Mongodb during the second quarter worth approximately $321,000. Institutional investors own 67.69% of the company’s stock.

A number of brokerages recently weighed in on MDB. Monness Crespi & Hardt restated a “buy” rating and set a $185.00 target price (up from $150.00) on shares of Mongodb in a report on Thursday, June 6th. Barclays raised their target price on shares of Mongodb from $143.00 to $178.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Nomura set a $76.00 target price on shares of Mongodb and gave the stock a “sell” rating in a report on Wednesday, June 19th. Needham & Company LLC restated a “buy” rating and set a $159.00 target price (up from $130.00) on shares of Mongodb in a report on Tuesday, June 4th. Finally, DA Davidson raised their target price on shares of Mongodb to $165.00 in a report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $154.21.

In related news, CEO Dev Ittycheria sold 128,805 shares of Mongodb stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $147.04, for a total value of $18,939,487.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 29,809 shares of Mongodb stock in a transaction on Monday, June 10th. The stock was sold at an average price of $180.86, for a total transaction of $5,391,255.74. The disclosure for this sale can be found here. Insiders have sold a total of 227,088 shares of company stock worth $35,102,249 in the last 90 days. 25.08% of the stock is owned by insiders.

MDB stock traded up $2.72 during midday trading on Tuesday, reaching $146.23. The company had a trading volume of 687,583 shares, compared to its average volume of 1,421,419. Mongodb Inc has a 1 year low of $62.03 and a 1 year high of $184.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.18 and a quick ratio of 3.18. The stock has a market capitalization of $8.24 billion, a P/E ratio of -85.02 and a beta of 0.14. The company’s 50 day moving average price is $152.56.

Mongodb (NASDAQ:MDB) last released its earnings results on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The company had revenue of $89.40 million during the quarter, compared to the consensus estimate of $83.50 million. During the same quarter in the prior year, the firm earned ($0.43) EPS. The company’s revenue was up 78.3% compared to the same quarter last year. As a group, equities research analysts predict that Mongodb Inc will post -2.07 EPS for the current year.

Mongodb 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.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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