Atria Investments Inc Acquires 135 Shares of MongoDB, Inc. (NASDAQ:MDB)

Atria Investments Inc boosted its position in MongoDB, Inc. (NASDAQ:MDB) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,175 shares of the company’s stock after purchasing an additional 135 shares during the quarter. Atria Investments Inc’s holdings in MongoDB were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of MongoDB by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 6,095 shares of the company’s stock valued at $1,648,000 after buying an additional 160 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of MongoDB during the 3rd quarter valued at about $861,000. Stephens Investment Management Group LLC boosted its stake in shares of MongoDB by 22.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 30,664 shares of the company’s stock valued at $8,290,000 after purchasing an additional 5,688 shares in the last quarter. US Bancorp DE boosted its stake in shares of MongoDB by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,869 shares of the company’s stock valued at $1,046,000 after purchasing an additional 324 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of MongoDB by 16.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,888 shares of the company’s stock valued at $510,000 after purchasing an additional 261 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Up 1.7 %

Shares of MongoDB stock opened at $289.15 on Wednesday. The firm’s 50 day moving average price is $278.06 and its 200-day moving average price is $273.04. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a market cap of $21.36 billion, a P/E ratio of -94.26 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.63) EPS. On average, sell-side analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the business’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 transaction, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $768,750.00. Following the completion of the transaction, the director now owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,600 shares of company stock worth $7,034,249. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDB. Needham & Company LLC lifted their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Oppenheimer upped 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. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Scotiabank increased their price objective on shares of MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus raised their target price on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.54.

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.