Aigen Investment Management LP Invests $1.05 Million in MongoDB, Inc. (NASDAQ:MDB)

Aigen Investment Management LP purchased a new stake in MongoDB, Inc. (NASDAQ:MDB) in the third quarter, HoldingsChannel reports. The fund purchased 3,866 shares of the company’s stock, valued at approximately $1,045,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDB. Swedbank AB boosted its stake in MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after buying an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after acquiring an additional 388,979 shares during the period. Clearbridge Investments LLC increased its stake in MongoDB by 109.0% in the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after acquiring an additional 232,101 shares during the period. Point72 Asset Management L.P. acquired a new position in MongoDB in the second quarter worth about $52,131,000. Finally, Renaissance Technologies LLC lifted its stake in MongoDB by 828.9% during the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock worth $45,743,000 after purchasing an additional 163,300 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

NASDAQ MDB opened at $291.65 on Wednesday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $277.73 and its 200-day moving average is $275.92. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 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%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.63) earnings per share. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the sale, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other MongoDB news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was 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. This trade represents 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 through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the sale, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,281 shares of company stock valued at $6,657,121 over the last three months. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MDB shares. DA Davidson increased their target price on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Piper Sandler increased their price objective on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Sanford C. Bernstein boosted their target price on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. UBS Group increased their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Oppenheimer boosted their price target on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $334.25.

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.