Xact Kapitalforvaltning AB acquired a new stake in shares of Mongodb Inc (NASDAQ:MDB) during the first quarter, HoldingsChannel reports. The fund acquired 3,500 shares of the company’s stock, valued at approximately $515,000.

A number of other institutional investors also recently modified their holdings of MDB. Empowered Funds LLC purchased a new position in Mongodb during the first quarter valued at $2,179,000. Dimensional Fund Advisors LP boosted its stake in shares of Mongodb by 218.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 52,487 shares of the company’s stock worth $7,717,000 after purchasing an additional 35,981 shares during the period. Affinity Wealth Management LLC boosted its stake in shares of Mongodb by 12.0% during the 1st quarter. Affinity Wealth Management LLC now owns 6,483 shares of the company’s stock worth $953,000 after purchasing an additional 693 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Mongodb by 294.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,578 shares of the company’s stock valued at $232,000 after buying an additional 1,178 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Mongodb by 20.8% during the 1st quarter. BlackRock Inc. now owns 762,629 shares of the company’s stock valued at $112,122,000 after buying an additional 131,282 shares in the last quarter. Institutional investors own 65.98% of the company’s stock.

Shares of NASDAQ:MDB traded down $2.30 during trading hours on Friday, hitting $164.66. The company’s stock had a trading volume of 9,567 shares, compared to its average volume of 1,768,221. Mongodb Inc has a 52 week low of $47.69 and a 52 week high of $184.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.44 and a current ratio of 3.18. The firm has a market cap of $9.15 billion, a P/E ratio of -96.31 and a beta of 0.19.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate 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 business had revenue of $89.40 million during the quarter, compared to analyst estimates of $83.50 million. During the same quarter in the previous year, the business posted ($0.43) EPS. The company’s quarterly revenue was up 78.3% compared to the same quarter last year. On average, research analysts predict that Mongodb Inc will post -1.99 EPS for the current fiscal year.

In other news, Director Charles M. Hazard, Jr. sold 2,017 shares of Mongodb stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.32, for a total value of $266,889.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Bull sold 5,000 shares of Mongodb stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $135.61, for a total transaction of $678,050.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,651 shares of company stock valued at $32,695,389. Company insiders own 40.04% of the company’s stock.

MDB has been the subject of a number of research analyst reports. Monness Crespi & Hardt lifted their price objective on shares of Mongodb from $110.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Nomura set a $63.00 price objective on shares of Mongodb and gave the company a “sell” rating in a report on Tuesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $108.00 price objective (up previously from $91.00) on shares of Mongodb in a report on Thursday, February 28th. William Blair initiated coverage on shares of Mongodb in a report on Friday, March 22nd. They set an “outperform” rating for the company. Finally, JMP Securities reiterated a “hold” rating on shares of Mongodb in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Mongodb presently has a consensus rating of “Buy” and a consensus price target of $137.00.

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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.

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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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