New Century Financial Group LLC Buys 53 Shares of MongoDB, Inc. (NASDAQ:MDB)

New Century Financial Group LLC raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 9.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 610 shares of the company’s stock after purchasing an additional 53 shares during the period. New Century Financial Group LLC’s holdings in MongoDB were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new stake in MongoDB during the third quarter valued at $310,000. AQR Capital Management LLC increased its stake in MongoDB by 99.8% during the third quarter. AQR Capital Management LLC now owns 27,798 shares of the company’s stock worth $9,614,000 after acquiring an additional 13,884 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in MongoDB during the third quarter valued at approximately $3,459,000. Kettle Hill Capital Management LLC bought a new stake in shares of MongoDB in the 3rd quarter valued at approximately $12,089,000. Finally, KADENSA CAPITAL Ltd bought a new stake in shares of MongoDB in the 3rd quarter valued at approximately $2,005,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of several recent research reports. Citigroup decreased their price target on MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, June 3rd. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Oppenheimer cut their price target on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company decreased their price objective on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $290.00 target price on shares of MongoDB in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $361.30.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $264.94 on Friday. MongoDB, Inc. has a 1-year low of $214.74 and a 1-year high of $509.62. The business has a fifty day moving average price of $296.82 and a 200 day moving average price of $362.34. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. Research analysts anticipate that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the sale, the director now owns 1,154,784 shares in the company, valued at $421,496,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders sold a total of 23,174 shares of company stock worth $6,615,752 over the last three months. Corporate insiders own 3.60% of the company’s stock.

MongoDB 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.