Intellectus Partners LLC Raises Stake in MongoDB, Inc. (NASDAQ:MDB)

Intellectus Partners LLC increased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 13.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,730 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Intellectus Partners LLC’s holdings in MongoDB were worth $468,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MDB. Aigen Investment Management LP purchased a new stake in shares of MongoDB in the third quarter worth about $1,045,000. Sanctuary Advisors LLC acquired a new stake in MongoDB in the second quarter valued at approximately $1,860,000. Sycomore Asset Management raised its stake in shares of MongoDB by 86.4% during the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares during the period. Cetera Investment Advisers raised its stake in shares of MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of MongoDB by 147.3% during the first quarter. Toronto Dominion Bank now owns 24,047 shares of the company’s stock worth $8,624,000 after purchasing an additional 14,323 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 4.1 %

Shares of MongoDB stock opened at $279.77 on Friday. 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, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The business’s fifty day moving average price is $278.14 and its two-hundred day moving average price is $275.57. The company has a market capitalization of $20.67 billion, a P/E ratio of -92.64 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) EPS. As a group, research analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $768,750.00. Following the transaction, the director now directly owns 1,131,006 shares in the company, valued at approximately $289,820,287.50. The trade was a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the firm’s stock in a transaction on 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 approximately $8,569,000. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,281 shares of company stock worth $6,657,121. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Needham & Company LLC upped their target price on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. DA Davidson raised their price target on shares of MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $336.54.

MongoDB Company Profile

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.