PointState Capital LP acquired a new stake in Mongodb Inc (NASDAQ:MDB) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 210,000 shares of the company’s stock, valued at approximately $31,939,000. Mongodb comprises about 0.7% of PointState Capital LP’s investment portfolio, making the stock its 28th largest holding. PointState Capital LP owned 0.38% of Mongodb as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Mongodb by 24.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,125,593 shares of the company’s stock valued at $475,372,000 after purchasing an additional 612,848 shares during the last quarter. BlackRock Inc. increased its position in shares of Mongodb by 138.7% in the 2nd quarter. BlackRock Inc. now owns 1,820,059 shares of the company’s stock valued at $276,812,000 after purchasing an additional 1,057,430 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Mongodb by 146.9% in the 1st quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock valued at $116,790,000 after buying an additional 472,602 shares during the last quarter. First Trust Advisors LP grew its position in shares of Mongodb by 690.1% in the 2nd quarter. First Trust Advisors LP now owns 746,150 shares of the company’s stock valued at $113,482,000 after buying an additional 651,708 shares during the last quarter. Finally, FIL Ltd purchased a new position in shares of Mongodb in the 1st quarter valued at $82,626,000. 72.94% of the stock is currently owned by institutional investors.
In other Mongodb news, CEO Dev Ittycheria sold 128,805 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $147.04, for a total transaction of $18,939,487.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 2,017 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $148.24, for a total transaction of $299,000.08. The disclosure for this sale can be found here. Insiders have sold a total of 233,620 shares of company stock worth $34,095,234 over the last three months. 40.04% of the stock is currently owned by insiders.
MDB has been the topic of a number of recent analyst reports. Barclays reaffirmed a “buy” rating on shares of Mongodb in a research report on Friday, September 6th. Nomura set a $76.00 target price on shares of Mongodb and gave the company a “sell” rating in a research report on Wednesday, June 19th. DA Davidson increased their target price on shares of Mongodb to $165.00 in a research report on Wednesday, June 19th. William Blair reaffirmed an “outperform” rating on shares of Mongodb in a research report on Wednesday, June 19th. Finally, Morgan Stanley increased their target price on shares of Mongodb from $156.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. One equities research 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. The stock presently has an average rating of “Buy” and an average price target of $159.57.
Mongodb stock traded down $2.82 during midday trading on Thursday, hitting $131.46. 688,897 shares of the company’s stock were exchanged, compared to its average volume of 1,864,833. Mongodb Inc has a 12-month low of $62.30 and a 12-month high of $184.78. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -76.43 and a beta of 0.15. The firm’s 50 day simple moving average is $142.22 and its 200 day simple moving average is $143.14.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.07). Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The business had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $91.70 million. During the same period in the previous year, the business posted ($0.41) earnings per share. The company’s revenue for the quarter was up 66.8% on a year-over-year basis. On average, equities research analysts forecast that Mongodb Inc will post -2.22 EPS for the current fiscal year.
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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