Point72 Asset Management L.P. Acquires Shares of 208,556 MongoDB, Inc. (NASDAQ:MDB)

Point72 Asset Management L.P. bought a new position in MongoDB, Inc. (NASDAQ:MDB) during the second quarter, Holdings Channel reports. The firm bought 208,556 shares of the company’s stock, valued at approximately $52,131,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in MongoDB by 61.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,930 shares of the company’s stock worth $3,482,000 after buying an additional 5,313 shares in the last quarter. Xponance Inc. raised its position in shares of MongoDB by 0.9% in the second quarter. Xponance Inc. now owns 12,322 shares of the company’s stock worth $3,080,000 after acquiring an additional 105 shares during the period. Bank of Montreal Can boosted its stake in shares of MongoDB by 13.9% during the 2nd quarter. Bank of Montreal Can now owns 76,073 shares of the company’s stock worth $19,028,000 after acquiring an additional 9,270 shares in the last quarter. Battery Global Advisors LLC grew its position in shares of MongoDB by 34.3% during the 2nd quarter. Battery Global Advisors LLC now owns 2,091 shares of the company’s stock valued at $523,000 after acquiring an additional 534 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of MongoDB in the 2nd quarter valued at about $1,595,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction that occurred 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 completion of the sale, the director now owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the transaction, the chief accounting officer now owns 16,222 shares in the company, valued at $4,589,041.58. The disclosure for this sale can be found here. Insiders have sold 21,005 shares of company stock worth $5,557,746 over the last quarter. 3.60% of the stock is currently owned by company insiders.

MongoDB Price Performance

MongoDB stock opened at $278.26 on Thursday. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock has a market cap of $20.56 billion, a P/E ratio of -99.02 and a beta of 1.15. The company has a 50-day moving average price of $260.34 and a 200 day moving average price of $295.36. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last announced 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. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the firm earned ($0.63) EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Stifel Nicolaus upped their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Loop Capital dropped their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, DA Davidson upped their price target on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.