Emerald Advisers LLC lifted its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 87.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,391 shares of the company’s stock after purchasing an additional 3,444 shares during the quarter. Emerald Advisers LLC’s holdings in MongoDB were worth $1,847,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the 4th quarter valued at about $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the 2nd quarter valued at approximately $25,000. J.Safra Asset Management Corp lifted its stake in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in MongoDB during the 2nd quarter worth approximately $35,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of MongoDB in the first quarter valued at approximately $41,000. Institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

MDB traded up $5.53 on Monday, reaching $287.41. The stock had a trading volume of 383,388 shares, compared to its average volume of 1,510,465. 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 company has a market capitalization of $21.23 billion, a price-to-earnings ratio of -103.00 and a beta of 1.15. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a 50-day moving average of $253.05 and a 200-day moving average of $307.74.

MongoDB (NASDAQ:MDB – Get Free Report) last posted 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 for 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%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.63) EPS. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now owns 1,135,006 shares in the company, valued at $330,048,394.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the completion of the sale, the director now owns 20,020 shares in the company, valued at approximately $4,564,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the transaction, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,179 shares of company stock valued at $8,063,279. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MDB shares. Needham & Company LLC lifted their target price on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Tigress Financial dropped their price objective on MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Scotiabank raised their target price on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. Finally, Sanford C. Bernstein increased their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $337.56.

Check Out Our Latest Report on MongoDB

About MongoDB

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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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