MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Simplicity Solutions LLC

Simplicity Solutions LLC raised its position in MongoDB, Inc. (NASDAQ:MDB) by 10.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,070 shares of the company’s stock after purchasing an additional 97 shares during the period. Simplicity Solutions LLC’s holdings in MongoDB were worth $437,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MDB. KB Financial Partners LLC acquired a new stake in MongoDB in the 2nd quarter worth about $27,000. Bessemer Group Inc. acquired a new stake in MongoDB in the 4th quarter worth about $29,000. BluePath Capital Management LLC acquired a new stake in MongoDB in the 3rd quarter worth about $30,000. Blue Trust Inc. boosted its stake in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in MongoDB in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of MDB opened at $335.55 on Friday. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of -135.30 and a beta of 1.19. The stock has a 50 day moving average of $394.28 and a 200-day moving average of $390.06. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 52 week low of $212.52 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of research reports. Truist Financial raised their price objective on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. UBS Group restated a “neutral” rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Redburn Atlantic restated a “sell” rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Finally, Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $444.93.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the transaction, the director now owns 528,896 shares of the company’s stock, valued at approximately $222,136,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,802 shares of company stock worth $36,356,911. 4.80% of the stock is currently owned by corporate insiders.

MongoDB Company 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.