MongoDB Inc. (MDB)

Envestnet Portfolio Solutions Inc. Purchases 298 Shares of MongoDB, Inc. (NASDAQ:MDB)

Envestnet Portfolio Solutions Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,179 shares of the company’s stock after purchasing an additional 298 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in MongoDB were worth $891,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of MongoDB in the 3rd quarter valued at about $35,000. AM Squared Ltd bought a new position in shares of MongoDB in the 3rd quarter valued at about $35,000. Huntington National Bank increased its stake in shares of MongoDB by 279.3% during the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after purchasing an additional 81 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of MongoDB by 38.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after purchasing an additional 36 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds. MongoDB Price Performance Shares of MDB stock opened at $370.82 on Monday. The business has a fifty day simple moving average of $358.37 and a 200 day simple moving average of $392.37. The company has a market cap of $27.01 billion, a P/E ratio of -149.52 and a beta of 1.19. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a twelve month low of $267.68 and a twelve month high of $509.62. MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year. Insider Buying and Selling at MongoDB In other news, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s 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 completion of the transaction, the director now owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The disclosure for this sale can be found here. Insiders have sold 46,802 shares of company stock worth $16,514,071 over the last quarter. Corporate insiders own 4.80% of the company’s stock. Wall Street Analysts Forecast Growth MDB has been the topic of a number of recent analyst reports. Citigroup boosted their price target on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Guggenheim increased their price target on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Loop Capital began coverage on MongoDB in a report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price target for the company. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and upped their price objective for the company from $405.00 to $430.00 in a report on Friday, March 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $444.57. Read Our Latest Report on MDB 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. See Also Five stocks we like better than MongoDB How to Invest in Blue Chip Stocks MarketBeat Week in Review – 5/13 – 5/17 3 Warren Buffett Stocks to Buy Now Take-Two Interactive Software Offers 2nd Chance for Investors How to Calculate Inflation Rate Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook