MongoDB, Inc. (NASDAQ:MDB) Shares Purchased by Planning Capital Management Corp

Planning Capital Management Corp grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 1,820.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192 shares of the company’s stock after purchasing an additional 182 shares during the period. Planning Capital Management Corp’s holdings in MongoDB were worth $52,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MDB. MFA Wealth Advisors LLC purchased a new stake in MongoDB during the 2nd quarter worth about $25,000. J.Safra Asset Management Corp lifted its stake in MongoDB by 682.4% during 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 last quarter. Quarry LP increased 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 purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in MongoDB during the second quarter worth approximately $35,000. Finally, GAMMA Investing LLC lifted its position in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the sale, the director now directly owns 1,135,006 shares in the company, valued at $330,048,394.74. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the sale, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $23,313,925.17. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MDB. Oppenheimer increased their price objective on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. Piper Sandler boosted their price target on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. 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. Finally, Morgan Stanley increased their price target on MongoDB from $320.00 to $340.00 and gave the company an “overweight” 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, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $334.25.

MongoDB Trading Down 3.1 %

Shares of NASDAQ:MDB opened at $291.59 on Friday. The firm’s 50 day moving average price is $278.11 and its 200-day moving average price is $275.45. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the firm posted ($0.63) earnings per share. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. Research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current 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.