Oak Thistle LLC Acquires New Position in MongoDB, Inc. (NASDAQ:MDB) - Defense World

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Oak Thistle LLC Acquires New Position in MongoDB, Inc. (NASDAQ:MDB) – Defense World

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Oak Thistle LLC acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 748 shares of the company’s stock, valued at approximately $259,000.

Other hedge funds also recently made changes to their positions in the company. Atika Capital Management LLC raised its holdings in MongoDB by 5.3% during the 2nd quarter. Atika Capital Management LLC now owns 31,500 shares of the company’s stock valued at $12,946,000 after buying an additional 1,575 shares during the period. Raymond James & Associates increased its stake in MongoDB by 227.2% in the second quarter. Raymond James & Associates now owns 39,361 shares of the company’s stock worth $16,177,000 after purchasing an additional 27,331 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MongoDB in the second quarter worth $6,704,000. American Trust purchased a new position in MongoDB during the 2nd quarter valued at about $349,000. Finally, Empower Advisory Group LLC bought a new stake in shares of MongoDB in the 1st quarter valued at about $7,302,000. 88.89% of the stock is currently owned by institutional investors.

MongoDB Trading Down 2.0 %

MDB opened at $408.85 on Monday. The stock has a market capitalization of $29.51 billion, a PE ratio of -154.87 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. MongoDB, Inc. has a one year low of $164.59 and a one year high of $442.84. The business’s 50 day moving average price is $388.24 and its 200 day moving average price is $380.91.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.23) earnings per share. As a group, equities research analysts expect that MongoDB, Inc. will post -1.64 EPS for the current year.

Insider Transactions at MongoDB

In other news, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the sale, the chief executive officer now owns 214,177 shares of the company’s stock, valued at $80,316,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dev Ittycheria sold 100,500 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 214,177 shares of the company’s stock, valued at $80,316,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 21,496 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $410.32, for a total value of $8,820,238.72. Following the completion of the transaction, the chief financial officer now directly owns 89,027 shares in the company, valued at approximately $36,529,558.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,882 shares of company stock valued at $57,313,539. 4.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Argus boosted their target price on shares of MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Scotiabank assumed coverage on shares of MongoDB in a research report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price on the stock. Canaccord Genuity Group boosted their target price on shares of MongoDB from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, Capital One Financial raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective on the stock in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $432.44.

Get Our Latest Analysis on MongoDB

MongoDB Profile

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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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