Private Advisor Group LLC increased its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 167.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,324 shares of the company’s stock after purchasing an additional 3,959 shares during the quarter. Private Advisor Group LLC’s holdings in MongoDB were worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MDB. Transcendent Capital Group LLC purchased a new position in shares of MongoDB during the fourth quarter valued at approximately $25,000. MFA Wealth Advisors LLC bought a new stake in MongoDB in the second quarter worth $25,000. J.Safra Asset Management Corp grew its stake in shares of MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of MongoDB during the second quarter valued at $35,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of MongoDB in the 1st quarter worth about $41,000. 89.29% of the stock is currently owned by institutional investors.

Insider Activity at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $224.38, for a total transaction of $263,422.12. Following the sale, the director now directly owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the sale, the director now directly owns 13,011 shares of the company’s stock, valued at $2,919,408.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,179 shares of company stock valued at $8,346,169. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Oppenheimer upped their price target on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. DA Davidson raised their target price on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein boosted their target price on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC raised their price target on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $337.56.

Read Our Latest Report on MongoDB

MongoDB Price Performance

MDB traded down $5.09 on Friday, hitting $290.09. 1,154,127 shares of the company’s stock traded hands, compared to its average volume of 1,501,590. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of -103.23 and a beta of 1.15. The company’s 50 day simple moving average is $255.85 and its 200-day simple moving average is $303.20.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.63) earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current year.

About MongoDB

(Free Report)

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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