Exane Asset Management Takes $1.07 Million Position in MongoDB, Inc. (NASDAQ:MDB)

Exane Asset Management acquired a new stake in MongoDB, Inc. (NASDAQ:MDB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,265 shares of the company’s stock, valued at approximately $1,066,000. MongoDB accounts for 0.7% of Exane Asset Management’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors also recently bought and sold shares of MDB. Transcendent Capital Group LLC purchased a new position in shares of MongoDB in the 4th quarter worth about $25,000. MFA Wealth Advisors LLC purchased a new position in MongoDB in the second quarter valued at about $25,000. J.Safra Asset Management Corp grew its holdings in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of MongoDB in the 2nd quarter worth approximately $35,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of MongoDB during the first quarter valued at approximately $41,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Trading Up 1.7 %

Shares of NASDAQ:MDB opened at $286.58 on Tuesday. The company’s 50-day moving average price is $253.51 and its two-hundred day moving average price is $306.59. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The stock has a market capitalization of $21.17 billion, a PE ratio of -101.99 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 (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million for 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%. MongoDB’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.63) earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total value of $872,370.00. Following the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 1,135,006 shares in the company, valued at $330,048,394.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,179 shares of company stock valued at $8,063,279. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MDB shares. Robert W. Baird lowered their price objective on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. JMP Securities reiterated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Friday, August 30th. Piper Sandler increased their price target on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Canaccord Genuity Group dropped their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Sanford C. Bernstein lifted their price target on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.