China Universal Asset Management Co. Ltd. Grows Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

China Universal Asset Management Co. Ltd. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 112.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 937 shares of the company’s stock after buying an additional 496 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in MongoDB were worth $253,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the 2nd quarter valued at $25,000. J.Safra Asset Management Corp boosted its stake in MongoDB by 682.4% in the second 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. Quarry LP boosted its stake in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of MongoDB during the second quarter worth about $35,000. Finally, GAMMA Investing LLC lifted its holdings in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, 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 value of $872,370.00. Following the sale, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the transaction, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,135,006 shares in the company, valued at $330,048,394.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,281 shares of company stock worth $6,310,411. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDB. Needham & Company LLC raised their price target on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Stifel Nicolaus increased their price target on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Finally, Oppenheimer raised their price target on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $337.96.

MongoDB Stock Performance

MDB opened at $283.70 on Thursday. The stock’s 50 day simple moving average is $273.31 and its 200 day simple moving average is $280.29. The stock has a market cap of $20.81 billion, a P/E ratio of -100.96 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 debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB) last posted its 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 company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.63) earnings per share. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

About MongoDB

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.