Capstone Triton Financial Group LLC Sells 4,583 Shares of MongoDB, Inc. (NASDAQ:MDB)

Capstone Triton Financial Group LLC cut its stake in MongoDB, Inc. (NASDAQ:MDB) by 49.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,689 shares of the company’s stock after selling 4,583 shares during the period. Capstone Triton Financial Group LLC’s holdings in MongoDB were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at approximately $1,860,000. Sycomore Asset Management lifted its position in shares of MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after purchasing an additional 24,827 shares in the last quarter. Cetera Investment Advisers boosted its holdings in MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after purchasing an additional 8,330 shares during the last quarter. Jennison Associates LLC grew its position in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of MongoDB by 650.2% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,214 shares of the company’s stock worth $1,870,000 after buying an additional 4,519 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Up 4.0 %

Shares of NASDAQ:MDB traded up $11.09 during midday trading on Wednesday, hitting $286.30. 324,285 shares of the stock traded hands, compared to its average volume of 1,436,993. The business’s 50 day moving average is $273.31 and its two-hundred day moving average is $280.29. The stock has a market capitalization of $21.00 billion, a PE ratio of -97.94 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. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during 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% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.63) earnings per share. As a group, research analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. DA Davidson boosted their price target on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Piper Sandler lifted their price target on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Stifel Nicolaus raised their price objective on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Truist Financial upped their target price on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Tigress Financial dropped their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $337.96.

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the transaction, the executive now owns 33,440 shares in the company, valued at $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Dwight A. Merriman sold 1,385 shares of MongoDB stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total transaction of $398,630.70. Following the completion of the transaction, the director now directly owns 89,063 shares in the company, valued at approximately $25,634,112.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Cedric Pech sold 302 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 $77,387.50. Following the completion of the transaction, the executive now owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,281 shares of company stock worth $6,310,411 over the last three months. 3.60% of the stock is owned by insiders.

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.