Octahedron Capital Management L.P. Takes Position in MongoDB, Inc. (NASDAQ:MDB)

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Octahedron Capital Management L.P. acquired a new position in MongoDB, Inc. (NASDAQ:MDBFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,100 shares of the company’s stock, valued at approximately $525,000. MongoDB makes up about 0.5% of Octahedron Capital Management L.P.’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in MongoDB by 39.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 19,486 shares of the company’s stock valued at $4,865,000 after buying an additional 5,500 shares in the last quarter. AE Wealth Management LLC raised its holdings in MongoDB by 57.5% during the 2nd quarter. AE Wealth Management LLC now owns 5,523 shares of the company’s stock valued at $1,380,000 after acquiring an additional 2,017 shares during the period. Blair William & Co. IL lifted its position in shares of MongoDB by 16.4% during the second quarter. Blair William & Co. IL now owns 315,830 shares of the company’s stock worth $78,945,000 after acquiring an additional 44,608 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC boosted its holdings in shares of MongoDB by 68.0% in the second quarter. SYSTM Wealth Solutions LLC now owns 11,338 shares of the company’s stock worth $2,834,000 after acquiring an additional 4,588 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MDB. Morgan Stanley raised their price objective on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Canaccord Genuity Group cut their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Bank of America boosted their price target on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Stifel Nicolaus increased their target price on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Oppenheimer lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $337.56.

Read Our Latest Research Report on MongoDB

MongoDB Trading Down 1.9 %

MongoDB stock traded down $5.41 during midday trading on Friday, reaching $278.45. The stock had a trading volume of 1,253,603 shares, compared to its average volume of 1,490,574. The company has a fifty day moving average of $259.06 and a 200 day moving average of $298.68. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of -99.09 and a beta of 1.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate 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 was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director John Dennis Mcmahon sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was 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 of the company’s stock, valued at $4,564,560. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director now directly owns 1,146,003 shares in the company, valued at approximately $280,770,735. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at approximately $4,564,560. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,005 shares of company stock valued at $8,082,746. 3.60% of the stock is currently owned by corporate insiders.

MongoDB Profile

(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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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)

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