MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in MongoDB, Inc. (NASDAQ:MDB) by 38.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,598 shares of the company’s stock after acquiring an additional 440 shares during the period. GSA Capital Partners LLP’s holdings in MongoDB were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MFA Wealth Advisors LLC purchased a new position in MongoDB during the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp grew its position in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Quarry LP grew its position 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 acquiring an additional 129 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of MongoDB during the second quarter worth $35,000. Finally, GAMMA Investing LLC boosted its holdings in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of MongoDB stock opened at $281.76 on Thursday. The firm has a market cap of $20.81 billion, a P/E ratio of -95.74 and a beta of 1.15. 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, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The stock’s fifty day moving average price is $278.01 and its 200-day moving average price is $272.52.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $465.03 million. During the same quarter in the previous year, the firm earned ($0.63) earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly owns 80,307 shares in the company, valued at $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,319 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the completion of the sale, the director now owns 87,744 shares of the company’s stock, valued at $25,087,764.48. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,600 shares of company stock valued at $7,034,249 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MDB shares. Bank of America increased their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Truist Financial lifted their target price on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Oppenheimer lifted their price target on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. Finally, Piper Sandler lifted their price objective on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently 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.