Sequoia Financial Advisors LLC Makes New Investment in MongoDB, Inc. (NASDAQ:MDB)

Sequoia Financial Advisors LLC acquired a new position in MongoDB, Inc. (NASDAQ:MDB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,117 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock valued at $116,000 after acquiring an additional 37 shares during the period. Atria Investments Inc lifted its stake in shares of MongoDB by 1.2% during the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after buying an additional 39 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of MongoDB by 0.4% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock valued at $2,475,000 after buying an additional 42 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of MongoDB by 7.6% during the 2nd quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock valued at $155,000 after buying an additional 44 shares in the last quarter. Finally, Clarius Group LLC lifted its stake in MongoDB by 5.1% in the 2nd quarter. Clarius Group LLC now owns 943 shares of the company’s stock worth $236,000 after purchasing an additional 46 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $23,313,925.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Dwight A. Merriman sold 1,385 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total value of $398,630.70. Following the transaction, the director now directly owns 89,063 shares of the company’s stock, valued at $25,634,112.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $23,313,925.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,281 shares of company stock worth $6,310,411 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

MongoDB Stock Up 1.3 %

MDB opened at $272.18 on Tuesday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a market cap of $20.11 billion, a PE ratio of -90.13 and a beta of 1.15. 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 company has a 50-day moving average price of $272.56 and a 200 day moving average price of $281.42.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial boosted their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. DA Davidson upped their target price on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Stifel Nicolaus upped their price target on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a report on Friday, August 30th. Finally, Wells Fargo & Company upped their price target on shares of MongoDB from $300.00 to $350.00 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 issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $337.96.

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.