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First Republic Investment Management Inc. Purchases 3,622 Shares of MongoDB, Inc. (NASDAQ:MDB)

First Republic Investment Management Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.8% during the 3rd quarter, according to its most…

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This article was originally published by ETF Daily News

First Republic Investment Management Inc. grew its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,637 shares of the company’s stock after buying an additional 3,622 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.09% of MongoDB worth $26,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC grew its stake in MongoDB by 54.2% during the third quarter. Winch Advisory Services LLC now owns 74 shares of the company’s stock worth $35,000 after buying an additional 26 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of MongoDB during the second quarter valued at approximately $29,000. Bartlett & Co. LLC bought a new stake in shares of MongoDB during the third quarter valued at approximately $47,000. Itau Unibanco Holding S.A. bought a new stake in shares of MongoDB during the second quarter valued at approximately $45,000. Finally, Stonebridge Capital Advisors LLC grew its stake in shares of MongoDB by 44.4% during the second quarter. Stonebridge Capital Advisors LLC now owns 130 shares of the company’s stock valued at $47,000 after purchasing an additional 40 shares during the last quarter. 87.90% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on MDB. Stifel Nicolaus increased their price target on shares of MongoDB from $495.00 to $550.00 and gave the company a “buy” rating in a research note on Tuesday, December 7th. Needham & Company LLC increased their price target on shares of MongoDB from $534.00 to $626.00 and gave the company a “buy” rating in a research note on Tuesday, December 7th. Piper Sandler increased their price target on shares of MongoDB from $525.00 to $585.00 and gave the company an “overweight” rating in a research note on Tuesday, December 7th. Citigroup increased their price objective on shares of MongoDB from $526.00 to $660.00 and gave the company a “buy” rating in a report on Tuesday, December 7th. Finally, Mizuho increased their price objective on shares of MongoDB from $475.00 to $490.00 and gave the company a “neutral” rating in a report on Tuesday, December 7th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $542.13.

In related news, Director Charles M. Hazard, Jr. sold 1,667 shares of the firm’s stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $487.14, for a total value of $812,062.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 290 shares of the firm’s stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $515.05, for a total transaction of $149,364.50. The disclosure for this sale can be found here. Insiders have sold 114,506 shares of company stock valued at $55,874,990 in the last three months. 7.40% of the stock is owned by insiders.

Shares of MDB stock opened at $375.57 on Monday. The firm has a fifty day moving average of $488.39 and a 200-day moving average of $456.66. The company has a quick ratio of 4.75, a current ratio of 4.75 and a debt-to-equity ratio of 1.71. MongoDB, Inc. has a 12-month low of $238.01 and a 12-month high of $590.00. The company has a market capitalization of $25.07 billion, a price-to-earnings ratio of -79.40 and a beta of 0.65.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.27. MongoDB had a negative net margin of 38.32% and a negative return on equity of 101.71%. The company had revenue of $226.89 million during the quarter, compared to the consensus estimate of $205.18 million. During the same quarter in the prior year, the firm earned ($0.98) earnings per share. The firm’s revenue was up 50.5% compared to the same quarter last year. On average, equities analysts expect that MongoDB, Inc. will post -4.56 EPS for the current year.

About MongoDB

MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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The post First Republic Investment Management Inc. Purchases 3,622 Shares of MongoDB, Inc. (NASDAQ:MDB) appeared first on ETF Daily News.

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