Tidal Investments LLC lifted its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 76.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,859 shares of the company’s stock after buying an additional 3,415 shares during the period. Tidal Investments LLC’s holdings in MongoDB were worth $2,125,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. MFA Wealth Advisors LLC acquired a new position in MongoDB in the 2nd quarter valued at approximately $25,000. Quarry LP grew its stake in shares of MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Brooklyn Investment Group acquired a new stake in MongoDB in the third quarter valued at $36,000. Continuum Advisory LLC raised its position in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in MongoDB during the 2nd quarter worth about $35,000. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent analyst reports. KeyCorp increased their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Rosenblatt Securities began coverage on MongoDB in a report on Tuesday. They set a “buy” rating and a $350.00 price target for the company. Robert W. Baird boosted their price objective on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Oppenheimer raised their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $365.07.

Check Out Our Latest Analysis on MongoDB

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 154 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the transaction, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,600 shares of company stock worth $7,611,849 in the last 90 days. Insiders own 3.60% of the company’s stock.

MongoDB Stock Up 0.3 %

NASDAQ:MDB traded up $0.78 during trading hours on Tuesday, hitting $266.41. 701,774 shares of the company traded hands, compared to its average volume of 1,536,675. The company has a market cap of $19.68 billion, a PE ratio of -96.80 and a beta of 1.17. The firm’s 50-day simple moving average is $293.29 and its 200-day simple moving average is $267.30. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the firm earned $0.96 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts expect that MongoDB, Inc. will post -2.29 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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