Continuum Advisory LLC Boosts Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Continuum Advisory LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 621.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137 shares of the company’s stock after buying an additional 118 shares during the quarter. Continuum Advisory LLC’s holdings in MongoDB were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MDB. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter valued at about $25,000. Quarry LP raised its position in shares of MongoDB by 2,580.0% in the 2nd 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. Brooklyn Investment Group acquired a new stake in MongoDB in the 3rd quarter worth approximately $36,000. Hantz Financial Services Inc. purchased a new stake in MongoDB during the 2nd quarter worth approximately $35,000. Finally, GAMMA Investing LLC raised its holdings in shares of MongoDB by 178.8% in the third 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 currently owned by institutional investors.

MongoDB Stock Down 2.9 %

MDB stock opened at $288.61 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $293.13 and a 200-day simple moving average of $269.12. The stock has a market capitalization of $21.32 billion, a P/E ratio of -95.57 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Equities analysts forecast that MongoDB, Inc. will post -2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $768,750.00. Following the transaction, the director now owns 1,131,006 shares in the company, valued at approximately $289,820,287.50. This trade represents a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,600 shares of company stock worth $7,611,849. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada lifted their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Citigroup lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Needham & Company LLC increased their price objective on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $370.08.

MongoDB 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.