B.O.S.S. Retirement Advisors LLC Invests $606,000 in MongoDB, Inc. (NASDAQ:MDB)

B.O.S.S. Retirement Advisors LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,605 shares of the company’s stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop National Bank grew its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Quarry LP increased its holdings in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of MongoDB in the 3rd quarter worth $36,000. Continuum Advisory LLC increased its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Up 0.5 %

Shares of MDB stock opened at $261.86 on Friday. The stock has a market cap of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25. The business has a 50-day simple moving average of $275.02 and a 200-day simple moving average of $268.94. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the previous year, the business posted $0.96 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. This represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $269.57, for a total value of $808,710.00. Following the completion of the transaction, the director now directly owns 1,127,006 shares of the company’s stock, valued at approximately $303,807,007.42. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,156 shares of company stock worth $9,220,473. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDB. Oppenheimer increased their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Truist Financial reiterated a “buy” rating and issued a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Citigroup increased their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Macquarie started coverage on shares of MongoDB in a report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $361.00.

About MongoDB

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.