Toronto Dominion Bank Takes Position in Mongodb Inc (NASDAQ:MDB)

Toronto Dominion Bank purchased a new stake in shares of Mongodb Inc (NASDAQ:MDB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,933 shares of the company’s stock, valued at approximately $750,000.

Several other hedge funds have also recently made changes to their positions in MDB. Geode Capital Management LLC lifted its position in Mongodb by 18.2% in the fourth quarter. Geode Capital Management LLC now owns 209,107 shares of the company’s stock valued at $17,510,000 after buying an additional 32,248 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Mongodb by 30.5% in the first quarter. BNP Paribas Arbitrage SA now owns 728 shares of the company’s stock valued at $107,000 after buying an additional 170 shares during the last quarter. California Public Employees Retirement System lifted its position in Mongodb by 120.1% in the first quarter. California Public Employees Retirement System now owns 22,534 shares of the company’s stock valued at $3,313,000 after buying an additional 12,294 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Mongodb by 3.3% in the first quarter. Cetera Advisor Networks LLC now owns 3,250 shares of the company’s stock valued at $479,000 after buying an additional 104 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Mongodb in the first quarter valued at about $271,000. 72.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MDB traded down $1.70 during mid-day trading on Thursday, hitting $132.58. 22,346 shares of the company’s stock were exchanged, compared to its average volume of 1,864,833. The company has a market cap of $7.43 billion, a price-to-earnings ratio of -77.45 and a beta of 0.15. Mongodb Inc has a fifty-two week low of $62.30 and a fifty-two week 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’s 50-day moving average is $142.22 and its 200-day moving average is $143.14.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results 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). The business had revenue of $99.40 million for the quarter, compared to analyst estimates of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The firm’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) EPS. As a group, equities research analysts anticipate that Mongodb Inc will post -2.22 EPS for the current year.

In related news, Director Charles M. Hazard, Jr. sold 2,017 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $150.63, for a total transaction of $303,820.71. Following the sale, the director now directly owns 110,305 shares in the company, valued at $16,615,242.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 128,805 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $147.04, for a total transaction of $18,939,487.20. The disclosure for this sale can be found here. Insiders have sold 226,696 shares of company stock worth $33,198,536 over the last 90 days. Insiders own 40.04% of the company’s stock.

A number of research firms have commented on MDB. Canaccord Genuity upped their target price on shares of Mongodb from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, June 19th. KeyCorp set a $188.00 target price on shares of Mongodb and gave the company a “buy” rating in a research report on Wednesday, September 4th. Oppenheimer upped their target price on shares of Mongodb from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, June 19th. DA Davidson upped their target price on shares of Mongodb to $165.00 in a research report on Wednesday, June 19th. Finally, Barclays reissued a “buy” rating on shares of Mongodb in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $159.57.

About Mongodb

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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Institutional Ownership by Quarter for Mongodb (NASDAQ:MDB)

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