MongoDB, Inc. (NASDAQ:MDB) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. boosted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 12.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,242 shares of the company’s stock after purchasing an additional 133 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in MongoDB were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the 2nd quarter worth $25,000. J.Safra Asset Management Corp boosted its holdings 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 last quarter. Quarry LP grew its position in MongoDB by 2,580.0% during 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. Finally, Hantz Financial Services Inc. acquired a new stake in MongoDB during the second quarter worth about $35,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Tigress Financial decreased their price objective on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Needham & Company LLC raised their target price on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley raised their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $337.56.

MongoDB Stock Up 0.0 %

NASDAQ:MDB opened at $259.46 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of -92.33 and a beta of 1.15. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The stock has a 50-day simple moving average of $262.41 and a 200 day simple moving average of $288.60.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.63) EPS. Sell-side analysts predict that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the sale, the director now directly owns 1,140,006 shares in the company, valued at approximately $263,341,386. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 3,556 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $911,225.00. Following the transaction, the chief executive officer now owns 219,875 shares of the company’s stock, valued at $56,342,968.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,896 shares of company stock valued at $4,187,260. Company insiders own 3.60% of the company’s stock.

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.