Cwm LLC Boosts Stock Position in MongoDB, Inc. (NASDAQ:MDB)

Cwm LLC raised its position in shares of MongoDB, Inc. (NASDAQ:MDB) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,269 shares of the company’s stock after purchasing an additional 156 shares during the quarter. Cwm LLC’s holdings in MongoDB were worth $884,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MDB. American International Group Inc. grew its stake in MongoDB by 433.3% during the 4th quarter. American International Group Inc. now owns 6,090 shares of the company’s stock valued at $2,490,000 after purchasing an additional 4,948 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of MongoDB in the fourth quarter worth about $252,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of MongoDB by 140.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,666 shares of the company’s stock worth $1,090,000 after buying an additional 1,557 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of MongoDB by 11.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,746 shares of the company’s stock worth $1,123,000 after buying an additional 272 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in shares of MongoDB by 91.4% in the first quarter. Rheos Capital Works Inc. now owns 67,000 shares of the company’s stock worth $24,029,000 after buying an additional 32,000 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 3,556 shares of the 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 $911,225.00. Following the completion of the transaction, the chief executive officer now owns 219,875 shares of the company’s stock, valued at $56,342,968.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,281 shares of company stock worth $6,310,411. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MDB shares. Stifel Nicolaus upped their target price on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Morgan Stanley upped their target price on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. DA Davidson upped their price target on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. UBS Group upped their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company upped their price target on MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $337.96.

MongoDB Price Performance

MDB stock opened at $275.54 on Friday. 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 business has a 50 day simple moving average of $270.35 and a 200-day simple moving average of $285.43. The firm has a market capitalization of $20.21 billion, a PE ratio of -98.06 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million during 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%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.63) earnings per share. Equities research analysts anticipate that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

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.