915 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by MGO One Seven LLC

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915 Shares in MongoDB, Inc. (NASDAQ:MDB) Bought by MGO One Seven LLC

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MGO One Seven LLC purchased a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 915 shares of the company’s stock, valued at approximately $316,000.

Other institutional investors also recently bought and sold shares of the company. Simplicity Solutions LLC lifted its position in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock worth $480,000 after purchasing an additional 25 shares during the last quarter. AJ Wealth Strategies LLC lifted its position in shares of MongoDB by 1.2% during the second quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock worth $982,000 after purchasing an additional 28 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MongoDB by 1.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after purchasing an additional 32 shares during the last quarter. Veritable L.P. lifted its position in shares of MongoDB by 1.4% during the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock worth $954,000 after purchasing an additional 33 shares during the last quarter. Finally, Choreo LLC lifted its position in shares of MongoDB by 3.5% during the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock worth $427,000 after purchasing an additional 35 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of MDB opened at $395.29 on Friday. MongoDB, Inc. has a 52-week low of $189.59 and a 52-week high of $442.84. The stock has a fifty day simple moving average of $402.37 and a two-hundred day simple moving average of $380.93. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million during the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.23) EPS. Analysts predict that MongoDB, Inc. will post -1.63 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MDB shares. Needham & Company LLC reiterated a “buy” rating and set a $495.00 target price on shares of MongoDB in a research report on Wednesday, January 17th. Scotiabank began coverage on MongoDB in a research report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $450.00 price target on shares of MongoDB in a research note on Monday, December 4th. UBS Group restated a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Finally, Royal Bank of Canada raised their price target on MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $429.50.

Read Our Latest Research Report on MDB

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares in the company, valued at approximately $222,136,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dev Ittycheria sold 100,500 shares of MongoDB stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total value of $37,687,500.00. Following the completion of the transaction, the chief executive officer now owns 214,177 shares in the company, valued at approximately $80,316,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now owns 528,896 shares of the company’s stock, valued at approximately $222,136,320. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,277 shares of company stock worth $57,223,711. 4.80% of the stock is currently owned by company insiders.

MongoDB Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

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