MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,205 shares of the company’s stock after acquiring an additional 502 shares during the period. Intech Investment Management LLC’s holdings in MongoDB were worth $1,407,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter valued at approximately $25,000. J.Safra Asset Management Corp lifted its position in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the period. Quarry LP boosted its stake in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of MongoDB during the 2nd quarter valued at $35,000. Finally, GAMMA Investing LLC raised its stake in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 1.7 %

Shares of NASDAQ:MDB opened at $335.40 on Wednesday. The firm has a fifty day moving average of $280.95 and a two-hundred day moving average of $271.28. 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 12-month low of $212.74 and a 12-month high of $509.62. The firm has a market capitalization of $24.78 billion, a P/E ratio of -111.06 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter last year, the firm earned ($0.63) earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $290.40, for a total transaction of $290,400.00. Following the transaction, the director now directly owns 1,138,006 shares of the company’s stock, valued at $330,476,942.40. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at $8,569,000. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,600 shares of company stock valued at $7,034,249. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MDB has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Morgan Stanley boosted their target price on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Barclays raised their target price on shares of MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Truist Financial upped their price target on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $340.29.

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.