New England Research & Management Inc. Buys 1,755 Shares of MongoDB, Inc. (NASDAQ:MDB)

New England Research & Management Inc. lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 170.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,785 shares of the company’s stock after purchasing an additional 1,755 shares during the period. New England Research & Management Inc.’s holdings in MongoDB were worth $999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MDB. LPL Financial LLC raised its stake in shares of MongoDB by 20.6% in the 3rd quarter. LPL Financial LLC now owns 31,145 shares of the company’s stock valued at $10,772,000 after purchasing an additional 5,329 shares during the period. Mariner LLC increased its position in MongoDB by 10.2% during the third quarter. Mariner LLC now owns 7,047 shares of the company’s stock worth $2,437,000 after buying an additional 653 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in MongoDB by 17.9% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 790 shares of the company’s stock worth $273,000 after buying an additional 120 shares during the last quarter. Natixis Advisors L.P. increased its position in MongoDB by 71.3% during the third quarter. Natixis Advisors L.P. now owns 18,329 shares of the company’s stock worth $6,339,000 after buying an additional 7,626 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after buying an additional 36 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MDB shares. DA Davidson raised MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. Morgan Stanley reduced their price objective on MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Wells Fargo & Company reduced their price objective on MongoDB from $450.00 to $300.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Tigress Financial boosted their price objective on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, JMP Securities reduced their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $361.30.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction 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 directly owns 523,896 shares in the company, valued at $190,179,486.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the sale, the director now directly owns 523,896 shares in the company, valued at $190,179,486.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 1,430 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,976 shares of company stock worth $19,770,973. Corporate insiders own 3.60% of the company’s stock.

MongoDB Stock Up 2.4 %

Shares of MDB opened at $249.96 on Friday. MongoDB, Inc. has a one year low of $214.74 and a one year high of $509.62. The company has a market cap of $18.33 billion, a P/E ratio of -88.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The firm has a 50 day simple moving average of $304.59 and a two-hundred day simple moving average of $366.44.

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

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.