Goldman Sachs Group Inc. bought a new position in shares of Mongodb Inc (NASDAQ:MDB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 151,381 shares of the company’s stock, valued at approximately $4,493,000. Goldman Sachs Group Inc. owned approximately 0.30% of Mongodb as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Salesforce Com Inc. acquired a new position in Mongodb in the 4th quarter valued at about $1,331,000. Schf GPE LLC acquired a new position in Mongodb in the 4th quarter valued at about $23,687,000. Hudson Bay Capital Management LP acquired a new position in Mongodb in the 4th quarter valued at about $2,299,000. Bamco Inc. NY acquired a new position in Mongodb in the 4th quarter valued at about $297,000. Finally, Rudman Errol M acquired a new position in Mongodb in the 4th quarter valued at about $1,959,000. Hedge funds and other institutional investors own 26.80% of the company’s stock.
A number of equities research analysts have weighed in on MDB shares. Barclays lifted their price objective on Mongodb from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Investment Research raised Mongodb from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 price objective (up previously from $32.00) on shares of Mongodb in a report on Wednesday, March 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a $45.00 price objective (up previously from $35.00) on shares of Mongodb in a report on Wednesday, March 14th. Finally, Stifel Nicolaus lifted their price objective on Mongodb from $34.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, March 14th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.78.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, March 13th. The company reported ($0.40) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.03. The business had revenue of $45.00 million during the quarter, compared to analysts’ expectations of $42.60 million. The firm’s revenue was up 50.5% on a year-over-year basis. equities research analysts forecast that Mongodb Inc will post -1.63 earnings per share for the current fiscal year.
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MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
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