BNP Paribas Buys Shares of 1,950 MongoDB, Inc. (NASDAQ:MDB)

BNP Paribas acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 1,950 shares of the company’s stock, valued at approximately $527,000.

Other hedge funds also recently modified their holdings of the company. Aigen Investment Management LP acquired a new stake in shares of MongoDB during the 3rd quarter valued at $1,045,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB during the 3rd quarter valued at $4,366,000. Sanctuary Advisors LLC acquired a new stake in shares of MongoDB during the 2nd quarter valued at $1,860,000. Sycomore Asset Management boosted its holdings in shares of MongoDB by 86.4% during the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after acquiring an additional 24,827 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after acquiring an additional 8,330 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Oppenheimer raised their price objective on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Wells Fargo & Company raised their target price on MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Piper Sandler raised their target price on MongoDB from $335.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial raised their target price on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Mizuho raised their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” 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, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $340.29.

MongoDB Stock Performance

Shares of MongoDB stock opened at $324.60 on Thursday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of -107.48 and a beta of 1.15. The business has a 50-day simple moving average of $281.84 and a 200 day simple moving average of $271.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period in the previous year, the company posted ($0.63) EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts anticipate that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $290.40, for a total transaction of $290,400.00. Following the completion of the transaction, the director now owns 1,138,006 shares in the company, valued at approximately $330,476,942.40. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at $23,313,925.17. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,600 shares of company stock valued at $7,732,589 in the last three months. Corporate insiders own 3.60% of the company’s stock.

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.