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MBB Public Markets I LLC acquired a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,440 shares of the company’s stock, valued at approximately $1,360,000.
Other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in MongoDB in the 4th quarter valued at $25,000. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB in the second quarter valued at about $25,000. J.Safra Asset Management Corp boosted its position in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the period. Hantz Financial Services Inc. bought a new position in shares of MongoDB during the second quarter worth about $35,000. Finally, YHB Investment Advisors Inc. acquired a new stake in MongoDB in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on MDB. Needham & Company LLC raised their price target on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Morgan Stanley boosted their price target on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Citigroup lifted their target price on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Sanford C. Bernstein raised their price target on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Scotiabank upped their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $337.56.
Read Our Latest Research Report on MongoDB
MongoDB Stock Performance
MongoDB stock traded down $0.89 during midday trading on Monday, hitting $268.64. The company’s stock had a trading volume of 473,680 shares, compared to its average volume of 1,463,355. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market cap of $19.71 billion, a price-to-earnings ratio of -95.01 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a 50-day moving average price of $261.22 and a two-hundred day moving average price of $293.46.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the company posted ($0.63) earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.44 earnings per share for the current year.
Insider Buying and Selling
In other news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Cedric Pech sold 273 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the sale, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,005 shares of company stock worth $5,557,746. Company insiders own 3.60% of the company’s stock.
MongoDB Company Profile
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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