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Zweig DiMenna Associates LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 112.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,250 shares of the company’s stock after buying an additional 7,550 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in MongoDB were worth $4,929,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AtonRa Partners bought a new position in shares of MongoDB during the third quarter valued at $237,000. Pursue Wealth Partners LLC increased its holdings in shares of MongoDB by 5.1% during the third quarter. Pursue Wealth Partners LLC now owns 19,246 shares of the company’s stock valued at $6,656,000 after acquiring an additional 942 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of MongoDB by 1.5% during the third quarter. Moody Lynn & Lieberson LLC now owns 31,769 shares of the company’s stock valued at $10,988,000 after acquiring an additional 459 shares in the last quarter. Raymond James & Associates increased its holdings in shares of MongoDB by 34.8% during the third quarter. Raymond James & Associates now owns 53,047 shares of the company’s stock valued at $18,347,000 after acquiring an additional 13,686 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of MongoDB by 2.0% during the third quarter. Xponance Inc. now owns 9,405 shares of the company’s stock valued at $3,253,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
MongoDB Price Performance
MDB stock traded down $8.10 during trading on Thursday, hitting $364.88. 1,561,160 shares of the company’s stock traded hands, compared to its average volume of 1,651,053. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. The stock has a market capitalization of $26.34 billion, a price-to-earnings ratio of -138.58 and a beta of 1.23. The business has a fifty day simple moving average of $391.07 and a 200 day simple moving average of $381.05. MongoDB, Inc. has a 52 week low of $164.59 and a 52 week high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted ($1.23) EPS. As a group, research analysts expect that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
Insider Transactions at MongoDB
In other news, CEO Dev Ittycheria sold 100,500 shares of MongoDB stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total value of $37,687,500.00. Following the transaction, the chief executive officer now owns 214,177 shares of the company’s stock, valued at approximately $80,316,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MongoDB news, CFO Michael Lawrence Gordon sold 21,496 shares of MongoDB stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the completion of the sale, the chief financial officer now directly owns 89,027 shares in the company, valued at approximately $36,529,558.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 100,500 shares of MongoDB stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the sale, the chief executive officer now owns 214,177 shares of the company’s stock, valued at $80,316,375. The disclosure for this sale can be found here. Insiders have sold a total of 149,882 shares of company stock valued at $57,313,539 in the last 90 days. Insiders own 4.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a report on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $450.00 price objective on shares of MongoDB in a report on Monday, December 4th. Piper Sandler lifted their price objective on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. TheStreet upgraded MongoDB from a “d+” rating to a “c-” rating in a report on Friday, December 1st. Finally, Scotiabank began coverage on MongoDB in a research report on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $430.41.
Check Out Our Latest Stock Report on MongoDB
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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Article originally posted on mongodb google news. Visit mongodb google news