MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by Battery Global Advisors LLC

Battery Global Advisors LLC boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 34.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,091 shares of the company’s stock after purchasing an additional 534 shares during the quarter. MongoDB comprises about 0.3% of Battery Global Advisors LLC’s holdings, making the stock its 24th largest position. Battery Global Advisors LLC’s holdings in MongoDB were worth $523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB during the fourth quarter worth $25,000. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the 2nd quarter worth about $25,000. J.Safra Asset Management Corp boosted its stake in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in MongoDB in the 2nd quarter valued at about $35,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of MongoDB during the 1st quarter valued at about $41,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director now owns 1,146,003 shares in the company, valued at approximately $280,770,735. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the completion of the transaction, the director now owns 1,146,003 shares in the company, valued at approximately $280,770,735. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’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 value of $872,370.00. Following the completion of the sale, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The disclosure for this sale can be found here. Insiders have sold 22,005 shares of company stock worth $5,802,746 in the last ninety days. 3.60% of the stock is owned by insiders.

MongoDB Stock Down 1.9 %

Shares of NASDAQ MDB opened at $278.45 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock’s 50-day simple moving average is $259.06 and its 200-day simple moving average is $297.15. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of -99.09 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same period in the previous year, the business earned ($0.63) EPS. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent analyst reports. Oppenheimer boosted their target price on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Loop Capital lowered their price objective on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Scotiabank increased their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. UBS Group boosted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $337.56.

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.